I accepted a prospective tenant's lease and deposit after doing due diligence.

In addition, targeted searches for "apartments 77008" and "greater heights apartments" have lower competition which provides a great opportunity for organic and lower cost of acquisition.Household Composition: 77008 shows balanced demand for both family-oriented housing and non-family units, promoting investments in single-family homes and high-quality apartments. 77063 indicates higher demand for rental units and smaller homes, focusing on apartments and affordable housing options.Despite higher entry costs and a lower percentage of renter-occupied units, 77008 appears to offer better prospects for appreciation and lower vacancy rates, making it a more suitable choice for investment.Greater Heights OverviewThe Greater Heights area (77008), often referred to as "The Heights," is renowned for its prime location offering a blend of amenities, top-rated schools, and abundant job opportunities.

The relatively low price tag and day 1 cash flow prospects are enticing.

By reallocating the proceeds from the sale, you can enhance your investment strategy and capitalize on stronger prospects.6.

We are concerned that the smoking/smell will turn off prospects as well as the extra cost of cleaning up areas after smokers move out.The building is in Illinois. 

How would the timing of a sale effect a prospective asking price assuming the tenant would expect a rent increase under new ownership?

Especially if it isn't allowed in your prospective market. 

At present, our vacancy rate sits at 50%, but we are actively vetting a long list of prospective tenants.

Don't let that deter you. 

You may somehow inform the uninitiated, (not necessarily in writing), that If you have to evict her, her future rental prospects are toast.