2) could you recommend a quick script so to speak of how to approach this with the tenant?

I’m in escrow as we speak for another one. 

I want to take into account quality of life in a given city.If you have not read Scott Trench's book Set for Life, you should it was one of the best real estate books I have read for a young person.

Not to mention the fact that marijuana use in teens, DUIs, violent crimes and armed robbery have all declined in states that have legalized pot in some form or another...... not that were discussing the social ramifications.I could continue to rattle off talking points but the TLDR is: depending on who you speak to the marijuana industry gets a bad wrap, in my humble opinion its nothing short of a windfall for states that have embraced it....

It best to speak to your Insurance Broker to find out what options you have that fits your needs. 

Thank You all so much, I am just excited to wet my beak so to speak...

I'll include this as a question to the lenders I speak with to see if they know what they're talking about.

I like it, because with that higher rent, it looks like it must be in a good neighborhood (better quality tenant should bring better maintenance and vacancy costs)

You may also want to hire a lawyer to review the title documents to see if he or she can help you sort the mess.But I would again stress that the quality of a settlement agent varies greatly.

Again, if we are only considering the affect on credit scores, and with all the caveats about speaking to the experts in your specific area:  If your business is new, it may be beneficial to go that route and establish a business credit profile for future business transactions.