D is clear, it is war zone areas where you would never want to go after dark. 

The loan is 40k (AKA 40% LTV)Step Four: 52k in the bankStep Five: keep doing the above18k per year for 28k gives a 0,64 GRM; congrats, that's the kind smoking deal i have never seen in real life; maybe in some rust belt cities, but you'd still have to find decent tenants, and they wouldn't pay 1,5k a monthHowever, the net operating income would be better used in this caseCheap properties tend to have as much or even more operating expenses than more valuable ones, and you still have to take vacancies, high property taxes and the 12% for your private lender in consideration

Is it possible to get a "smoking crutch" permit so tenants can make my walls all yellow and stinky as well?

If possible, during rehab, address some things that will help you insurance wise later:- full upgrade of the electical- full upgrade of the plumbing- removal of any sheetrock, trim, etc with lead paint- new roof- address any drainage/leaky basement issues- hardwire smoke and CO detectorsI know not all will be able to be done but most are cheaper during a big reno and will make you a better risk for the insurance companies. 

Blue tub is okay but consider a surround if the decor is dark.

Out side lights go dark for months.  

The tenant’s friend was smoking a cigarette, and it was concluded by the fire department that was the source of the fire.Here’s the rub, tenant doesn’t have renters insurance, let alone one with a fire clause.

There are seemingly an endless amount of questions we can ask as we enter this dark conversation and I find few people want to enter into this domain, but it’s necessary.

So caution.. if you use them... make sure you have a for real deal.. plus their fee's are of course since its 100% financing at the very top of what HML cost.. one thing I like to recommend those looking for 100% financing is just get a money partner give them the lions share for them putting up the money.. you don't risk money and you start to build your experience and credentials then after a few you can go to a regular HML like lending home that will do 80% or 90% with only a modest 190.00 fee up front.also since you made this post you will probably get private messages from the scammers that work BP telling you your all approved but then just wanted you to send them 500.00 bucks etc.. to show your serious or some other bull crap... also facebook and linkdin are loaded with those crooks.. they are nothing but totally scammers they don't lend they have no money they just try to hook you for the small up front fee then will go dark on you... think lottery scams and other Jamacian and Nigerian prince scams.

You won’t have time to build furniture in the future, you need to focus on being the director of the circus.Install smart remote WiFi looks (LockState), NEST thermostat, smoke- and carbon monoxide detector, make the place business ready (printer, desk, etc.) and start an awesome looking listing on Airbnb for free.