What - Am I crazy, Marketing to Smoking Tenants?

[Seth A. Weber]

Good Morning BP folks, I have a SFR (3bd/1bath) under contract that has heavy smoke damage. The unit would require extensive work to remove the stains/stench as well as make needed rehab updates. I am thinking about doing going big or quick and easy...

Option 1: "light rehab" of paint/cheap floors/etc.   and marketing the unit for smokers and pets.  Current rental market for the area is extremely limited and I have never seen a unit advertised for smokers/pets in the area and I believe there would be a lot of interest.  

Options2: "Full Rehab" - Complete update and replacement of everything. while adding a second bathroom and possibly adding a small Attached ADU studio. Marketed to non-smokers and no pets.

Anyone have thoughts on renting to the smoking community?

Thanks for your time and Enjoy the Day!!!