This has been the first true 1% rule home that we have seen in awhile, and it is priced so well due to the condition of the property.

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!

Have you had success working with tenants with credit issues under similar conditions?

Hawaiian real estate law differs from other western states significantly, mostly due to its monarchal heritage and the Bishop Trust influence.The basics are the same as would be in California; determine the condition of title ownership (individual(s), estate (including conservatorship, if appropriate) OR fiduciary acting for trust.Use a qualified private money equity lender to make a loan sufficient to buy out the cash-only beneficiaryThe legal community in HI and Big Island in particular is small.

This decision turned out to be a tough learning experience due to the location and condition of the property.

In Costa Rica, property condition is a constant variable, far more critical to maintain than the USA. 

You have a friend, He will rent it in its present condition as soon as you make it available to him for $90 per month. 

Market Conditions: South Florida has a dynamic real estate market.

I base my rents on the condition of the unit and the competition. 

For a good tenant that has paid on time and was keeping the place in good clean condition I probably would have just eaten the charge.