Make sure you have extra safe-guards in place though, i.e. a security system installed once you receive appliances, cage your AC unit, etc.

The lender is likely not a professional lender and the borrower should absolutely be thinking about protecting the lender.For a Hard Money Lender, they will worry about protecting themselves which also provides a number of safeguards for the borrower because that is their job and profession. 

He also acts as the safeguard during the rehab by checking the work completion level and quality for me.

Professional, experienced, critical eyes reviewing the deal and actually provide additional borrower safeguards to mitigate certain pitfalls2.

For new investors, or OOA investors, this is your safe guard that you are not buying a disaster house.

If the answer is anything greater than "Zero", do you think you might consider taking ownership of the situation and revising your screening and renting policies to better safeguard your assets?

They didn’t realize that IRAs, 401K plans, and most other retirement plans have significant bankruptcy safeguards.

AB 828 is an unfair attempt to allow the government and the courts to give reduced rent and extended tenancies to all renters even if they do not face economic hardships, and it provides no safeguards or protections for landlords.

We built-in safeguards for tenant worthiness, pricing levels of rents, escrow hold backs for completion of landscaping, warranties, protection against damages to Phase I during construction of Phase II, etc.

If not, then no worries;  this is a a well trod path and you can safeguard yourself to minimize the financial impact.