Purchase price: $5,000 Cash invested: $18,000 The Greater impact house is geared towards Artists that are focused on creating artwork without the use of drugs, alcohol, tobacco or any other mind altering substances.More info: http://www.facebook.com/greaterimpacthouse What made you interested in investing in this type of deal?

Age, tobacco usage, and health impact this a little bit.You really have to look at the policy fees and expenses report to see the itemization of all of the internal costs.

One thing to keep in mind is that Ybor is eclectic and historic, being one of the largest tobacco export in its heyday.

Whereas if it were the scent of tobacco smoking that will remain for some time. 

He's no more likely to be doing anything illegal out of your unit than any other tenant.As for the safety comparison..... and neighbors...... and "bad people" it attracts...... you can say the exact same thing about alcohol...tobacco......and many other vices our tenants may have.My one emphasis would be the no smoking policy....not because of the substance but because of the damage to the unit from smoke, flame, ash and odorAnd ANY proposed new tenant has to pass the screening....NO EXCEPTIONS..... so if the dad knows that may be an issue down the line, it needs to be addressed now as a problem.

. 😊 (We had to Killz the ceiling 4 times to stop the tobacco from bleeding through.)Single Family3 Beds 1 BathBuilt on a Slab2 Car GarageShort Sale - 2 Months Start to ClosingFinanced with a Hard Money Lender (Lima One Capital) PURCHASE COSTS: Purchase Price $ (46,500.00) Inspection(s) $ (400.00) Appraisal(s) $ (900.00) Survey(s) $ - Lender Fees/Costs $ (3,760.90) Closing Costs $ (4,204.22) Other $ - Total: $ (55,765.12) REHAB COSTS: Labor (from page 2) $ (27,400.00) Materials (from page 2) $ (17,729.00) Total: $ (45,129.00) Unit Breakdown Unit 1 $ 1,400 Assuming $125,000 ARV during Refinance ReFinance Assumptions LTV 75% Loan Amt $93,750 Equity Left $31,250 Interest Rate 5% Mortgage (yrs) 30 Mortgage Payment $ 489.04 Cash Out Refi Return $ (4,983) ReFinancing Key Values Cost/Unit $ 93,750 Cash On Cash Return 118.31% Monthly Cash Flow $ 491 Annual Cash Flow $ 5,896 BeforeAfterThanks for reading, let me know what you

However, on the inspection reports the inspector listed one unit has " a tobacco odor and stains present throughout the unit" and the other has "tobacco odor in unit that seems to be coming from the neighboring unit." 

Lawyers who tackled Big Tobacco going after 6% RE Agent commissions.https://www.marketwatch.com/story/big-name-lawsuit...

Here's our No-Smoking Policy:NO-SMOKING POLICY.Tenant acknowledges the premises are designated as smoke-free and agrees not to smoke and will not allow their family members or guests to smoke on the premises, either inside the unit or outside on adjoining grounds.Tenant agrees to abide by this no-smoking policy and to notify their guests and invitees of the policy as well.This includes smoking tobacco, marijuana, or any other substance, as well as vaping.

The interior was badly stained with tobacco so I paid painters to do 3 coats of interior oil-based primer and neutral gray in the other rooms.