From my perspective there is a lot more safety from a property that has better debt coverage and higher desirability.

In general the "bounce-back" safety features on garage doors is a thing, but I think it would be a far cry to call that a required safety feature in a residential rental property. 

Be patient and find the right tenant.

In general, no, but your should disclose what you know about the condition and legality and safety. 

We rented the house because of the pool and the heater since right now the weather is colder and the heater would be a plus for the family safety.

My question is, do I stay a bit more patient at $1600 and wait until week after Thanksgiving is over then reduce price?

They are as hungry for safety and yield as anyone right now, in part due to the presence of easy money

The challenge isn't to be perfect, it's to minimize the damage mistakes will cause by having a safety net of resources (financial, material, and people) to fall back on.

Modern electric space heaters have safety switches on them and will shut off if they tip over.

     - Be PATIENT and do not buy bad deal just because you want to jump into the game: For the first the apartment offer, I bought it mainly because I think I could not wait to jump into the commercial real estate game.