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.

I'm curious what the pricing model is like for smaller rentals since they need to deploy a cell router at the property.

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

I have done that model and seen that model over the years.. one guys in INdy called Holdfolio did thisnot sure how it performed but chose the rights assets and proper management and that works.there was a guy in Ohio also that called him self MR> triple net.. he sold you a home then rented it back from you for a set fee then he leased it out in a master lease situation were he took care of everything.my model I used a debt instrument equity share model that basically worked like what your talking about but had a pref return no matter what was happening with the asset.. that put big onus on operator to perform..

On the one hand, safety is paramount.