Being  a versed stock market enthusiast, I began to do a little math one morning for ***** and giggles while I smoked my cigarette and drank the 1st cup of coffee for the day....

Thank you Landlord HA HA HAHA...Smoking of ANY kind is prohibited on my property, maam.

His signature was on the lease dated 6/21, which was the same date they provided us the old lease - we assume to appear that they did not have the new lease upon request.Terms of the original lease provided to us on 6/21 for month to month leasing terms:- $1,200.00- Security deposit given- No smoking- Unit cannot be used to run business- One garage spotTerms of new lease provided 7/29 backdated to start lease term on 6/1- $1,200.00- No security desposit- Tenant can run business out of unit- Tenant has been and will continue to smoke in unit (no joke this is essentially how it was worded)- Tenant has the entire garage (two car garage)We signed the p&s with the contingency that no leases should be modified and no new leases would be signed unless we vetted the prospective tenant.We have been reading some forums and are wondering what our options are.

Someone dies in a fire because you didn't provide smoke detectors.

Hopefully she’s just blowing smoke now.

If there is any smell from pets, smoking, unique cooking seasonings, we run the ozone machine for about 48 straight.   

The typica test includes a magnometer (super duper metal detector) as well as looking for signs of a tank (vent or fill pipes, cemented over holes in the foundation wall where the lines came in, etc).

Just make sure you are pretty firm on the numbers as it is easy to get smoked on the first couple of deals by missing some of the items I posted above. 

Almost half of my portfolio has Section 8 tenants in it and as non section 8 people move out i try to move in more Section 8 tenants but i make sure my property manager screens them THOROUGHLY....not with just what's on paper regarding credit report, income and past criminal activity (If any).....I make sure my PM screens to make sure they have no pets, no evictions, no smoking OF ANY KIND and no felonies and we still get TONS of people calling...the biggest problem becomes picking someone from who is left.   

When a investor suggests they are earning XXX per month in positive cash flow they are blowing smoke.