If you want to avoid sprinklers, then other changes will be necessary to mitigate fire spread by means of fire rated partitions, separations, etc.

Again, as this can be mitigated instead of abated, we are waiving until we actually own the house.

In multifamily value-add investments, common risks include:Not being able to achieve target rentsMore tenants moving out than expectedRenovations running behind scheduleRenovation costs exceeding initial estimates (which can be a big deal when you’re renovating hundreds of units)When evaluating deals as potential investments, look for sponsors who have capital preservation of the forefront of the plan and who have a number of risk mitigation strategies in place.

I had tried several personal injuries and accidents attorneys in my area to see if they can give me a list of things we can do as landlords as a safety measure that can mitigate landlords liability in the event of a gas explosion in the rental unit. 

If it was just more income, that's not bad, but if it was for special cleaning and maintenance because of the pet, perhaps with no further pets living there, you could inspect for and mitigate any potential pet concerns.Thinking about carpet and paint repairs in some areas and such.After my last dog died, it took a while before I saw where he rubbed up on certain walls and doors.

Basically, its all risk mitigation! 

The sponsor should be communicating the good and the bad, while explaining what they are doing to mitigate the negatives.

Even with a mitigation report.

. ;) The TLDR is that is it literally built wrong and they clearly knew it was a bad design when they built it and so built in some hacks to mitigate the bad design, but hacks are bad. 

I would always recommend holding each asset and company in a separate LLC (or other entity depending on tax ramifications) to mitigate risks stemming from one asset to another.