What if it burned down, blew up, flooded, or everything was stolen?  

Copper, siding, downspouts, electrical wiring....everything gets stolen.

No one likes to see junior loose their inheritance, their generational wealth,  no one likes to see junior loose the house they grew up in or that mama died in....and that big bad government and big bad city boy investor has stolen the house and stands to make lifetime money off this one deal. 

You really have 2 things to consider the Fantasy of it--letting you close easier, (the potential renter believes they will use this item)and the reality of it no one using the pool except one apartment, yet pool overhead is expensive, deprecation on equipment, taxes, chemicals, upgrades to equipment, resurfacing, emptying trash, stolen deck chairs, etc...Same with a workout center, treadmills and big balls, and mats or treadmills plus workout machines, and when the TV's get stolen, etc..or nothing...What do potential renters for your specific place....think they want, and really do want....and then there is the cost....If you have dogs a dog walk is a good thing as the dog waste should be less all over the lawn.Just my 2 cents..

Imagine collecting rents in bulletproof vests and you got to carry a gun...Imagine fixing a property up...securing it with steel doors, putting security cameras but the security cameras get stolen and even the steel doors get busted and stolen...Imagine dealing with renters who know the system and know how to live rent-free...If you can imagine all that...that is having a rental property in the war zone.Listen to my podcast: http://Biggerpockets.com/show65

If the power thief installs a meter stolen from another location (or otherwise bypasses the lack of a meter) the power company disconnects the wire at the pole. 

Let your customers pay you in Fiat currency and even some Bitcoin.

Why would you give the keys to your financial future to a complete stranger with no guarantee of safety  and no recourse if lost or stolen?

One of the BIGGEST advantage for us is that it is NOT copper and isn't as much of target to be stolen!   

Each contractor is responsible for their own stolen materials and for paying to fix damage to the building or other contractors property if caused by their negligence.