Then again its your property so do what you feel is fit but I will say, I respect smoking outside more then vaping your strawberry apple vape inside which I'm sure most of your tenants do given they are mostly students. 

and Doing something different like vaping or bong or something else like that?

Those are definitely units you'll want to try to bullet proof to lessen the impact of rough tenants and you may have to redefine in your mind what "rent ready" means.Good tenants don't live in rough areas no matter how nice the unit is...That said, there is money to be made... if it's the PM's headache and not yours, financially it might make sense. 

@J Scott You're right about the problem not being the metric but the person trying to use it and "redefine it".I also agree with the idea that CoC Return is a one year thing...a one year snap shot as you put it.  

NOYou need to redefine and clarify target goals.

Or will the argument redefine guest as former guest?

I to am very intrigued by this current space and excited to see how the space evolves and redefines the way we transact with Real estate Financing. 

You may want to get an addendum to redefine the late fee to be a more fair amount.

I believe that maybe we are seeing the beginning of a new era where the margins in RE will have to be redefined?

The state also defines (redefines or refines?)