Are you just storing contacts, or are you actively leveraging data to close more deals and raise more capital?

Find deals that have minimum rehab items (stick with flooring, paint, kitchen, baths).

My fav side hustle in school was flipping items on eBay.

Michigan is still enjoying its tax money on Marijuana currently but I can clearly see an overabundance of these types of stores which cannot possibly all survive.

While I suspect nothing is perfect and this is a valid concern, on the call they mentioned items to make it seem secure. 

I mean what's the difference between AI and a grocery store sending you a weekly brochure in the mail of specials they have this week?

Try taking the replacement cost of every major system and dividing it by the remaining lifetime of every item.  

Sometimes Rabbu can lean optimistic depending on the market.CapEx & reserves: You mentioned it, but make sure you’ve built in enough buffer for big-ticket items (roof, HVAC, furniture refresh).

But, if they did not want you do do that, you could create an addendum to their original lease modifying mutually agreed terms.Regarding the resident's items, you open yourself up to large liability if you give permission for anyone to touch or move the items. 

If you have access to their forwarding address, email, or phone number, consider sending a final written notice informing them that they have 14 days to contact you and retrieve any remaining items.