I certainly wouldn't want a drug dealer, or a user of more dangerous drugs (i.e. meth, heroin, etc.) living in my units, but I'd be less concerned about a pot user than an alcoholic.

CAM's work for the Board, but take the "I'm a friendly investor, concerned about my investment" approach with a heaping spoonful of sugar.

Tenant screening and rent collection is a big concern and would like experts advise.

If there are some concerns with credit score, perhaps print out an analysis report on the BP Calculators and take it to the banks so the loan officer can see how professional and serious your are.

But my concern is i have 2 small kids.

I'm not even considering bidding yet, because I have concerns about hidden expenses (past due: hoa fee's, taxes, liens, etc)I see lots of people saying to search the local county records, but perhaps my local county website is just "different".  

Only replace if it breaks or becomes a major concern for a tenant.

We will never sell on a Land Contract, but we will on a Lease Option (Lease or rent to own).As far as your market is concerned, it is not the market of choice.  

My big concern there is that would incentivize people to go further and further out the risk curve.  

My concern is we do all this work, the deal falls through for a myriad of reasons and I am stuck trying to sell "their house".