Perhaps their lease term isn't up or maybe they were not given proper notice to end their tenancy.

Which in NY means like 3 months of notices and then a court case and an additional two weeks past that even if you win. 

Water damage never happens in small amounts, until its noticed and by that point it's typically a larger job than $1200. 

Hi James,You should be able to find a local bank or you could work with a private/hard money lender.

But this was for everything he owned, home builds, syndications, private businesses, medical centers, etc.  

What is the best way to give notice and what is a reasonable amount of time? 

TIAErich your best bet would be to amortize it over thirty with a 5 year balloon. the issue with private lenders  vs. banks is private lenders use their money to lend and many times it may not keep up with inflation - so lending for that long does not make sense.

If it was unforeseen medical debt, and you've made progress in straightening things out, you might find a private lender to work with you for an eye-wateringly high interest rate.

STRs sound like too much work to me.Portfolio income = stock dividends, interest income (from banks, credit union etc), Master Limited Partnerships (Form K-1), Business Development Companies (Form 1099), bonds, interest earned from investing in a real estate debt fund, interest earned from being a private lender

Leverage private lenders and seller financing to avoid draining cash reserves.