I'll assume the worst case scenario in that you have a more expensive refrigerator and want to either repair it or replace with a similar brand/model. I

If there’s an electrical issue, it’s typically up to the landlord to fix it.Heating and Cooling Systems: The landlord is responsible for maintaining and repairing any installed heating and cooling systems.Appliances: If the property comes with appliances, the landlord is responsible for repairing them if they break down.Safety Repairs: This includes things like smoke detectors, carbon monoxide detectors, and any other safety equipment the property might have.Remember, these responsibilities can sometimes vary based on the terms of your lease agreement, so it’s always a good idea to clarify these points with your tenants.

Otherwise many investors would buy, "kick out," and bring in higher paying tenants.I think the better question is what's needed that is health and safety?

It can only protect you if you are honest, a landlord who keeps health and safety codes up, you have great insurance, you never mix the money, and you are lucky.

The Nest thermostats have this feature, they call it a "safety temperature".

@Ryan Fox @Kevin SobiloOur lease does state:"Tenant may not infringe upon the quiet enjoyment right or safety of other tenants through disturbances including but not limited to TVs, stereos, musical instruments, other loud noises, heavy walking, or other disturbing actions."

I'm still gathering tips from my business partner who is beast mode on RE photography for STRs.

But the Tiny house model is really appealing to me for the low entry cost, opportunity to cash out on selling units while creating cash flow with very low maintenance.

I would encourage you to compare that rate of return with the income you may be making from the property and then factor in the safety of the savings account versus the unknowns of repairs and maintenance of your purchase.If your monthly return on investment was $400 on the property, and you can make $333 just letting your money sit, I’m not sure I would make the investment in a high interest rate environment, factoring in the fact that you will probably want to refi your property within the first two years of owning it at a high interest rate.I think I would ask myself what is the advantage of buying now, versus buying a year from now.  

The money you make on renting-by-the-room could go towards paying down the principal....OR.....you could put that money into hyper-growth mode by investing it into say, an ETF.....regardless of which path you choose, you will soon have paid-down the principal and have that 20% equity that is needed to eliminate the PMI.