To provide a bit of extra safety, I then later get the lockset rekeyed.Hope that helps. 

One was a grounding rod for the electrical panels which caused my insurance to cancel since it was a fire hazard.

However, it's advisable to consult with a local attorney or property management professional to ensure that you follow the appropriate procedures and adhere to any legal requirements.Ultimately, the priority should be to protect your property from further damage and address any potential safety concerns.

First off, prioritize safety!

I did renovate a local property and added value - in the unrenovated state the house was not rentable, not up to current safety code, etc.For example, buy $70,000 property, renovation costs $50,000 so you're all in for $120,000. 

I've never had an issues, it's just an extra safety measure.  

I mean the tenant should have to make some effort for their own safety.

There are some exceptions: if landlord can prove it causes undue financial or administrative harm to landlord; the animal is a direct threat to the health or safety of others (bodily harm)...

Because what I mean by those "unexpected repairs" is that I simply set aside a set amount of the gross rental income each month as sort of a safety net aka just incase money for things such as a leaking pipe that I didn't know was going to happen before it happened thus it was "unexpected"So... technically I can't take out that 1% because that's just my own safety net savings I set aside but from that savings if something does happen that year and I have to make a repair that does end up as an "operating expense" since I have now spent that money and not just set it aside like with the unexpected repairs moneyHope this isn't too confusing to understand but now that I am reading over this I think I have answered my own question :D

We require title insurance, hazard insurance, 1st position lien, deed of trust, and obviously a Promissory Note.