I would send a lease violation notice that advises the tenant that they have violated the no smoking provision of the lease and that it needs to be cured immediately - to include complying (not smoking) and remove any odor/damage that may have resulted.

I did notice the purchase contract states the purchase was subject to inspection and appraisal.

It also makes me wonder how many other issues I just haven't noticed yet will come to haunt me.  

I noticed some T accounting shows matching liabilities, so I'm a little confused as to whom the actual lender would be in that instance.

Then this past February the company said that the new improved share price would not be disclosed until further notice and that redemptions would not be available until next year.

Raising the rents will not be as easy as merely sending out notices of rent increases.

@Hai Le - Usually you have to provide written notice / 30 day notice if you decide to not renew their lease or even just asking a tenant to leave.

Notice when I spoke of London STR I used the words "gain control of a property" and NOT "buy a property"???? 

Quote from @Neeta Agrawal: For context, we gave the tenant a 60-day notice for non upkeep and no repair communication in 2023 and then extended it for 30 days upon his realtor's request, setting the move-out for May 31, 2023.

Then progress to permits and then building.You could also just do it and hope the city doesn't notice, which they probably won't.Your challenge will be getting Certificates of Compliance on the units!