new construction gets valued at a way higher premium. this is a false statement. new construction will always beat existing Very market dependent.

Many of also argued that forcing out many STR's will impact our tourism revenues, which we're very dependent on, as many travelers won't come here if they have to stay in a hotel.

Depending on the country there also might be fire risk mitigations.

Depending on how you use the property, you may benefit from a cost segregation study and bonus depreciation once the property is in service. 

It all depends on the lender really.

@Daniel Medellin Regarding your question, it would depend on the lender or bank you're working with if you want to go that route in the future. 

It really depends on your goals, time availability, and risk tolerance.

you can always call or email the tenant in regards to this matter. i personally smoke as well and just would want my tenants happy and not feeling accused as its a big problem with a lot of tenant v landlord situations around the country. you can always say you got a report of the odor of weed and was just verifying the smell with both tenants on the property. you can restate your conditions with smoking. you can always ask if they are legally able to do so as well (meaning medical card). depending on how you want to handle it, if you want to make it a legal warning to the tenant as well, you should write a written letter sent by mail stating you got a report of weed and this is a written warning in case this a problem down the road, you have evidence to show the court if it gets to that matter that this is not your first occurrence. best of luck!

So, depending on the type of report and level of detail you may be able to investigate that.

These %percentages are market dependant.