The previous owners almost never redeem these properties.

Or do you mean auctions of foreclosed houses where the lenders who end up with the houses auction them off?

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

I'm a tenant in the situation, and I was never told that smoking wasn't allowed. 

We intend to do the same with the 2/1 at the end of its current lease. 

He did promise he will send me an email, which he never did.

Thanks everyone @John Coulter@John Coulter Some of those joists end in mid-air-why? 

I've never heard of this company before but want to check into it further.

The “tween” between passive and active covers a wide range and usually ends up much more “active” than “passive”.  

@Carlos Oliva, there is honestly no crystal clear way of defining "commercial" versus residential.Residential is the end use.