As long as you’ve done your numbers right and plugged all the correct precautions into your portfolio, a deal is a deal if the numbers are solid.  

It is still a good precaution to keep those accounts with low balances on the off chance they try to commit fraud.

It's hard to tell from the language if this is a requirement (to minimize absentee out of state landlord issues) or simply to state who might be working on behalf of the out of state landlord as more of a safety precaution/heads up (e.g.

Might be worth some short term security precautions like a camera while it is vacant.

As a buy and hold real estate investor, can you charge a tenant for repairs if they do not take precautions during a freeze by opening cabinet doors, letting water drip, covering outdoor spigots etc. which cause pipes to burst?

Well most of the fears listed here so far would be a result of poor due diligence and lack of precautions when funding the deal.

We just want to be in compliance with the law and follow safety precautions. 

However, I know it is in my best interest to take all precautions, especially on my first note with them.

Inductively, it may be a poor source of potential tenants looking for homes and apartments, and other properties.As always, precaution is a necessary measure. 

However, if you are investing in a less desirable area ensure that you take proper precautions to prevent theft.