This provides an international/affluent tourist pool whom are extremely unlikely to disappear regardless of local economic conditions.

We built and sold 8 spec homes from 2020 - 2022 before taking a break and haven't been able to get back into it since due to market conditions in our area.

Analyzing the neighborhood and the asset condition is the key to projecting accurate returns. 

Also, for flips, I like to reserve an additional 15-20% in contingency for unforeseen conditions or changes. 

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.

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. 

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!

If you're planning to sell later, Ohio requires quite a bit of disclosure about property conditions.

They’re fully renovated (or in good condition) and often come with tenants already in place, so you can start making rental income right away. 

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