For the month of August 2024, they are saying that they have hardship and want me to use the money they paid as security deposit (2X rent).Legally, am I required to use security deposit towards rent when they are delinquent or can I move forward with eviction process?

Belize is relatively easy to invest in there currency is pegged to the USD and there official language is English so the legal documents do not need to be translated for you to understand them.

Interested to learn the pros/cons from financial/tax/legal standpoint. 

But if you persist, then I would make sure that you have this covered legally - contact an Attorney first!

My problem is that I know a former would-be purchser who got a preliminary title report from Chicago Title that read the owner--and three prior title holders--never had any legal interest in the property.

It's best to operate like a business with standardized requirements applied to everyone equally, every time.Do yourself a favor: buy "Every Landlord's Legal Guide" by NOLO.

With the new rent laws, you must be 100% that all rents were raised legally, and must do everything by the DHCR book. 

Buyers now need legal representation before they can see a property with an agent and commission will no longer be advertised (In the Greater Cincinnati market it will still be standard for sellers to pay buyer broker commission)I wanted to ask everyone who sees this, how are you changing anyway you are doing business (if you are)?

Not to mention, they are not legally able to perform any of the duties or services they accept payments for.

Their policies are full of legal and industry terms that can be difficult for the layperson to interpret correctly.