@Caleb HeimsothYeah, I didn't mean to imply that all TK's are bad.

It can be tempting for folks to try to stretch their capital into multiple doors by buying C-class or below, but you're going to be taking on a lot more work and lot more headache than the numbers imply.

This implies that the LL rely on appreciation to have an investment that produces any return.  

Investing implies you have something to invest, and that something is generally money.

Grant CardoneSales trainer & real estate investor with a few funds, both accredited and non-accredited investors depending on the fund.  

And I never came close to implying we shouldn't take care of the critically ill - don't put words in my mouth and get off your soap box.

Thanks for the thoughtful response @Brandon Roof and the humor @Jesse Rivera.It does seem arbitrary, and the only reason I can think of them deciding 5% is because they are implying real estate is a riskier investment option.

Account ClosedIf the lease forbids smoking in the apartment or the common area, that is a different story, but he explicitly said "and one of the occupants is using the hallway to smoke pot" and the title is "to catch a pot smoker," which implies it is the pot, not the smoking.If this is a common area and the lease forbids smoking in a common area, then install a camera and terminate accordingly.BTW I hate smoking of any kind and can't stand the smell.

Fresh deals with leverage of no fiduciary duties...not implying that I screw people over 

Words and definitions are important for you and the Tenant to understand.The problem here is that you charged a "pet cleaning fee" so that implies you are using it to clean up after the pet.