Industrial facilities are bound by more stringent building codes restrictions for fire safety.

Not sure about Alabama, but in Texas the only reimbursable expenses are for safety, security, and preservation of the property. 

Especially in FL your primary is your bedrock, anchor, safety net and basically untouchable except for foreclosure - just as OJ and Burt Reynolds and a few others can attest to. 

I know tenant safety is #1 and that's why I went through an entire rehab fixing many things I did not have to fix to make it livable.

I do have a “safety” stockpile account where I store money for these purposes: taxes, returned security deposits, etc.I have a w-2 job and am having taxes taken out for that.

We had to wear suits, respirators, safety glasses, and gloves.

The reason being there is not really a "margin of safety" of only $40,000.   

On the one hand, safety is paramount.

Update: We have requested a mutual release of contract due to fears for my and my children’s safety since I am the property manager and complete most small repairs myself having my child with me. 

If you're looking for additional safety, you could even split some of it to be invested into conservatively underwritten debt, so that if things go badly you can foreclose and recover some or all of your principal.