Hazard policies typically include a liability addendum.

Street lights, pot hole maintenance, water quality, sewers and hospitals... are vital to safety and the value of your real estate.

Long-distance investing is hazardous, in my opinion.

Some of my leases need to be updated, including increasing security when increasing rent; putting in clear violations (such as tenants using electrical heaters, which is a fire hazard); having a reliable attorney ready should any legal issues arise.

Then think about putting extra things for safety such as lights that turn on when they sense movement or an alarm system.

It also depends on things like if you're investing in debt or equity (for completely different answers...again more safety equals lower return and more risk equals more potential reward ).

When talking with new and aspiring private money lenders, I always recommend getting added as an insured on the borrower's property hazard insurance policy (known as an insurance binder). 

It’s crucial to ensure you’re compliant with your city’s requirements, including permits, taxes, and safety regulations.Ok - that was just a stab at it. 

But legit questions that are "higher level" or questions specific to my area or experience, for example, I am happy to hazard a response, because I've learned a lot from BP, and will pay it forward to real investors, not someone who's bored on a Saturday and will never buy an investment property in their existence.  

So, how do I balance neighborhood safety vs rental demand?