I guessing they also might be subject to more commercial issues like sprinkler systems, commercial fire alarms, handicapped access, etc which will discourage many or make it so expensive, it's not profitable.

Currently many hospitals in our area are being completely rebuilt or replaced as the cost was sufficient to warrant instead getting a new state of the art facility and increasing capacity instead of retrofitting an outdated hospital.2) A requirement to install fire alarms and sprinklers in some cases.

Granted, renovations that were done last year include new hot water tanks, kitchen cabinets, baseboard heating, carpet, vinyl flooring, interior Doors, plumbing, and light fixtures.Still, just the fact that I'm buying it now for almost 4x what it was valued 3 years ago raises alarm bells, even if they did do some renovations.

I will be putting up security cameras around the building and setting up an alarm for my unit.

The inspection focuses on potential health and safety hazards: fire safety, smoke and CO alarms, egresses, electrical safety, gas or plumbing leaks, etc.

Also he let certain things slide that I won't, like constantly replacing furnace filters, and smoke alarm batteries.

I like to add alarm systems, motion sensor lights & HVAC cages for lower end properties, especially if they are not located in my home city.

We had a guy we used that did a great job for the most part, out of the blue got a bill from him because a tenant called and asked if he could install a light fixture for them and replace the battery in a fire alarm.

If you happen to choose the tenant that is a thief then they shut it off before they take the money. 

Have you considered a portable alarm?