There are often hidden costs--such as: engineer certification of the structure (depending on what the city requires) smoke damage to portions of the unit(s) that are "not affected" additional insurance during the rebuild, sealing the framing that has smoke, etc. 

When I lived there in the 90's, Rio Rancho was the smoking hot place to buy.

I tell PotentIal tenants it’s usually quiet unless of coarse a gun goes off In a drIve by or the police are arresting someone with their sirens on .i also tell them it’s just a short walk down down the lItter lIned street to our frIendly liquor store and there’s a charmIng little ma and pa corner store that sells cigarettes ,rolling papers, and lotto tickets - all the essentials.

missed one over a smoke detector that tenant had taken down and set on side-table... it was literally within eye-shot...

What’s the best type of Kilz primer (or other primer) to use on a bedroom’s walls and ceiling to permanently eliminate or cover up a smoky cigarette smell from someone who smoked in a bedroom?

(a) If a condition results from an insured casualty loss, such as fire, smoke, hail, explosion, or a similar cause, the period for repair does not begin until the landlord receives the insurance proceeds.

Turns out one of his tenants was smoking (not cooking) meth in the unit.

Smoke from a house fire is by definition a contaminate.

During our inspection a few months back we could smell smoke in the unit.

There were other concerning items like a hardwired smoke alarm taken down, the new fridge handle that I had purchased ($60) was not on the fridge, and there was fallen paint and a large water stain on the kitchen ceiling (2 baths and wash/dryer above that area).