While a customer is a customer, you need to watch your own back still when dealing with certain types of customers, like Rick says.An example: If he was in for narcotics charges he could have been using the house as a means in his operation (like a grow house or a meth lab).

First I am not worried about the pot, I am sure they would never leave it or risk a deputy coming in to evict them, I would be more worried if it smelled like cat urine, ( one sign of a meth lab)The math on this one is really flawed so it is hard to evaluate.First by paying for the house over market price but not being charged interest you are losing the deduction you get from paying interest, that is only partially offset by getting more depreciation.Second you can never prepay this thing as your interest is already in your cost to buy.

A little more about myself: I am also a student working on my business degree, I love refinishing and building furniture in my spare time, and I am a proud mom of a beautiful black lab mix who just turned 1 this month!

Check out the real estate strategy lab podcast. 

My attention to detail, while sometime lacking in the chemistry setting, is quite thorough when it comes to real estate.  

I’d rather rent to a responsible owner with 2 Great Danes vs. a college student with a 50 lb lab puppy. 

Having said that, there are different types and chemistry also comes into play as well to an extent.

My first reaction was meth lab - which Don also touched on.

If there is a major problem, say a fire or meth lab, you may loose several or all units, insurance may or may not cover your loss of rents.

http://www.ccrd.info/  It that price is the true appraised value perhaps the property has been condemed, former meth lab?