Many scenarios play out across every asset class and in every market, requiring an investor to consider hedging against this uncertainty.

Be especially careful charging a tenant for the entire cost of carpet when the carpets are like 10 years oldPicture or pin holes in walls, as long as not excessivePainting the exterior of the homePressure washing unless there are oil stains from their autoRoutine maintenanceThere are many more circumstances that could and will come into play, but lets all work together to come to a resolution.

The Thanksgiving Holiday and some bad communication played into it. 

They dont have any other rental properties but their family owns ALOT.What do you think is this deal fair to me?

You'll be surprised how compelling your rationale/insight can be on getting a fair price.  

If PITI is less than the fair market rent value - then it is a non-deductible personal property, opening a large can of worms.Finally, if it is to be an LLC property, you will be a part-owner, with various implications for estate planning and family dynamics.I can think of some other issues, too.

No one would start a business to lose money, and we wouldn't be able to stay in business, pay our employees fair wages, and provide the quality services we provide, if we didn't turn a profit.

I feel that it would be fair to receive/be offered a referral fee for referring a buyer of a cannabis business (in NV) to commercial business broker but 1.

But sure, I'll play along... $250-300k

@Michael Pendleton I would explore other options prior to paying for it but it does work fairly well in most markets I have used it.