Her original lease which I inherited clearly states no smoking was permitted and when I took on the property in May I issued her my rules and regulations, which she signed, that also stated no smoking.

You can hire and fire an employee if the employee/property manager isn't doing a good job.I also know how PM companies who do NOT own any properties and just strictly manages properties/income/expenses do for their clients.

As a result, towns have denied permits in some places and have promulgated zoning regulations to prohibit them in others.The other thing to be aware of is that at least in some installations, they'll be similar to mobile homes in that the land is leased, not owned. 

Just anticipate more regulations and higher costs across the board.

In the process of revising Tenant Rules and Regulations.

You will benefit because they can better budget for a fixed known amount.Make sure you have your tenants on M2M so that if there is a issue with costs you can easily change tenants or increase the rents if your regulations allow.   

Lender strictly make a uncertain amount until the deal re sells. 

Clearwater is very strict on zoning.

Zero tolerance for late payments, strict adherence to the terms of the lease.  

Since there are varied regulated costs to Title and Closing Costs you need to be precise in your numbers and completely respect that.