Hi I was wondering if anyone has experience with Medical Marijuana Dispensaries. 

Purchase price: $830,000 Cash invested: $25,000 Sale price: $1,250,000 We purchased this commercial property which was once a Medical Marijuana grow.

Hello BP. When buying a previous MJ growhouse SFR, what would be some things to look out for?

I'll be looking at a property with the basement FORMERLY used as a growhouse. From the pictures, all the equipment ha...

Credit is perfect, but she's got four criminal results.  2 are from 6 years ago (marijuana/traffic), 1 is four years ago for $1,000 of property destruction, and 1 was last year for an "infraction". 

So we're now in the peculiar position of have a property in need of significant rehab, appraised for $10K more, sitting next to a property that has been fully  rehabbed.  

Side note: I think it would be cool to have a small meetup for landlords / wannabe landlords to discuss and share tips on all the peculiarities that come with this unique territory.

Cover all your bases up front with policies on overnight guests (what is an occasional guest vs a rogue tenant), illegal activities (can you evict over underage drinking, marijuana-what evidence is needed?).

It wasn't just cigarette smoke...it was a marijuana stench as well.  

They seem very friendly.The potential lease involves a recreational marijuana dispensary; which is legal in our state and okayed by the bank.

:I welcome my tenants with a Walmart bag full of goodies on the counter to greet them usually consisting of ; a pack of Newport’s ,a bottle of mad dog ,some mouse traps ,flea and roach spray also a book entitled “how to pay your rent on time “  You should add some air freshener to hide the marijuana smell@Jim K.