There is a calculator on my firm's website that compares a cash sale to a monetized installment sale.

It is a schedule policy so yes, you'd have to add/remove properties as they are bought/sold.

He told me that people kept asking about the property, and he wants me to sign the lease so he can remove it.

I already have a law firm in Clearwater Florida I picked out to use.

Absolutely do not pave first and ask forgiveness laterIf he objects afterwards, even years later, you could be forced to remove it or end up in court.

And firmly but politely state that rent is still legally due, as non-payment is a lease violation too.

Magna cum laude, Phi Beta Kappa, MBA, CPA at largest CPA firm in the world.  

Decided to remove the airbnb once summer comes and do LTR. 

Don’t forget the $10k damages clauseThis honestly saves you here.If they continue smoking and you later decide not to renew, you are contractually covered for the cost of remediation, and odor removal is expensive:Ozone treatmentsKilz sealing every wall/ceilingRepaintingCleaning ductsReplacing blinds, fixtures, sometimes carpet/flooringTen grand goes fast.Bring this up gently, not as a threat, but as a real cost they will be responsible for if the smoking continues.6.

You’re spot on, house hacking nearly always looks worse on the property’s cash flow because you’re removing one income stream.