Every situation is different but although carpet will be the cheapest option I would not resort to it unless I had to.

@Jessica Wood Wow that's a tough situation!

They bring a wealth of experience to the table and they speak to situations where things didn't work out... to the reality. 

You folks that have student rentals or roommate situations, how do you manage?

--> move in and obtain renters or airbnb--> refinance home --> take out equity for the next projectThis is a househack BRRR My criteria however are:- safe area ( I have kids)- Our unit must be at least 3 bedroom, 2 bath Please be kind as you dissect my situation.

Thanks to all who contributed to the discussion.Here is the situation, the lease does not ban smoking in the apartment, it only states that tenants are responsible for cleaning and repair smoke related damages when moving out, and if other tenants complain, land lord may enforce non smoking policy.

Seller finance will probably give you better terms in this situation. 

I have seen retail centers for instance where if it is turned sideways or building is situated behind another retail center then harder to rent and rents drop to fill it with lease up.How good is the cross traffic from other sites to this tenant box space?

In this situation, should the seller be responsible for the sewage pipe repair cost?

3-this is our first rental so what am I missing in this situation?