In what state is the property located? It may make a difference. I can give you feedback on NSW, based on my experience:
The water flow “compliance” is only needed if you intend to make the tenant pay for water usage. My tenant uses about $50 of water per year so I don’t bother making him pay, so I don’t need the compliance.
The smoke detectors must be inspected/tested each year. You can do it yourself but it required you to notify the tenant that you need access, and then you must keep a record of the test. My property manager arranges for this to be done “in bulk” by a reputable company. This costs me about $100 per year, and the company keeps the legally required records, and they replace the battery as well.
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