I have a couple of tenants in a unit that use medical marijuana and grow it.

I don't have to change 9 roofs and other capex items that come up over time.I would always have a higher quality asset than medium quality even if return in the near term is lower.

you probably need to perfect title before you can evict.. but each state is different talk to an attorney well versed in tax sale issues.cash for keys is always good lest you find your new purchase missing many items and they vandalise it before they leave.. which is very common when folks lose their homestead

@Dan Chandler I wouldn't take condos off your list but there are some due diligence items you should consider that are not necessarily part of a SFR due diligence list1.

First off, you should have gotten quotes for all the items BEFORE you closed escrow, why waste all that time!

He has not abandoned the property if significant personal items still remain.

Then you can address those items as well.  

2) Imply big ticket repair items?

Most the time this isn't even an itemized task that a dollar amount is put too.

The purchase agreement should layout a time frame to complete some of these "due diligence" items.You will need a boundary survey and title commitment to verify there are no liens or encumberances on the property.You will want to hire a geotechnical engineer to verify the soil is suitable for building an apartment building.You will need an environmental engineer to make sure there are no contaminants (asbestos, mercury, lead, etc.) on the site, as well as wetlands and/or endagered speices.If you need to rezone the property we may want to consult an attorney and/or civil engineer to help with that.Depending on how many units you intend to build the city may require a traffic study be completed to determine the impacts to the streets and intersections.This is typically how we start a new site and it is a very general list of items.