Jake Walroth I typically underwrite more for vacancy maintenance and capex especially for my student rentals but even so this looks like a smoking deal if you can get $2k/mo!

I would recommend dark floor white kitchenWhite and gray wallsOak cabinets not fashionable any moreGood luck

5) Does anyone smoke?

Im not here to blow smoke.. im new to this and need any bit of guidance possible.

I didn't allow smoking or pets.

"You don't want to shut off utilities,, your building would lose power for smoke detectors and that's not the way to do it..You don't deduct off their security deposit while they are living there.. that's to cover after they are gone..

Without that, you are shooting in the dark.

Dirty, smoke inside the property, property has strong smell of cigarettes.

@Richard Wormwood  I could see this.. just like the lender scams .the fake wholesaler  advertises a deal that is a smoking deal.. buyer not aware.. and sends in the 500 bucks to them perosnally .. never to hear from the wholesaler again.

Since you inherited this tenant, and if they are not doing anything you don't want done in the place that was permitted previously (indoor smoking, pets, etc), and paying on time, then consider it a gift - you have all kinds of leverage for raising the rent or booting them out without the lease.