Note the law was in effect nothing because a jurisdiction could have allowed this prior to the new law and must op In with the new law.  

I also let them know if there is any damage they will be charged for damages.  

I’m trying to understand if this situation is normal and if it's worth my time to pursue the tenants for the lost rent and damages.

At 40% expense ratio which is more realistic you effectively need the Gross Operating Income to equal 2% of the asset price.

If you get sued what is the likelihood they will win and what are the possible damages?

Some markets need a higher-end build out to be profitable others going basic on finishes is most effective. 

2) I think the wealth effect of the stock market should have an impact on how much out of town buyers are willing to pay for a second home or even a primary home. 

And third, you can make sure your lease's guest policy and non-smoking clauses are beefed up and made extremely clear to the tenants.Lastly, you probably inspected the property at least once or twice before closing, so you would have likely been able to determine if there was any significant smoke damage or cigarette smell inside.  

Keeping each LLC’s financials distinct helps prevent this risk.Insurance: Having adequate insurance coverage for each property and ensuring it aligns with the LLC structure can also be a vital component of risk management.Legal Counsel: Regularly consult with your real estate attorney to ensure your structure and practices align with your protective strategy.In conclusion, while running everything through your holding company might simplify bookkeeping initially, consider long-term implications and ensure you are safeguarding each property and your overall investment effectively.

I want tenants that pay on time and take good care of the property...... other than that I could not care less what their political views areUnless those displays are damaging your property in some way/shape/form, leave them aloneGo ahead and put it in your lease...... tell your tenants what the can/cant believe politically.... see how that goes.... hope you have a good attorneyWow... have we really come to this??