I'm currently in the same situation and would appreciate any feedback.

On the downside though, this creates a much trickier lending situation, given the increased vacancies, especially since the property doesn't have that many units to begin with.Given that we haven't yet closed on the property, what's the best way to proceed?

It may be a great opportunity for the smart long-term real estate investor to use the trade war as another tool to analyze and take advantage of the situation.

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.