My question is: If the HOA changes the bylaws to ban smoking (which they plan to vote on), and the lease held by the smoking tenant only specifies no smoking "within the unit," is there any legal recourse for the smoking tenant?

The letter also states the total non-rent items currently owed by the tenant, such as accumulated late fees or repair charges.Also very important, the tenant states they have no unresolved issues with their current landlord, except as listed in a space provided, and they have no current plans to cancel their lease under the Service Members Civil Relief Act or for any other reason. 

We plan to renovate it ourselves and turn it into a 1200sq ft 2/1 to STR.

PS: I have a good realtor from Cleveland area which I plan on using.

At the time, his offer was low, and I had potential plans for that space, so I turned him down.

Speak with the director of development (they're not always titled that way, so just ask for whoever deals with area developments, new construction, rezoning, etc.) to ask if they'd be supportive of your plan.

The 1% rule is best only used as a quick and dirty evaluation used to pick which property you plan on running additonal calculations on.

It sounds like you’ve got a solid foundation with your rental property, and I love the ambition behind your plans to build a property management and maintenance company—it’s a great way to take control of your investments while creating additional opportunities.Best of luck to you! 

It sounds like you’ve got a solid plan and a great passion for real estate investing.

He's a CPA with a focus on strategic tax planning.