Not only are Queens and Brooklyn the busiest Counties in terms of activity (new listings), but they also have some of the most competitive investors in our market.Properties are selling for 8.5% more than they were in 2023, showing us just how desirable the borough is.With its proximity to NYC, numerous public transportation options, and overall vibe and attraction, it is no wonder why the popularity has been reflected in the buy-and-hold rental market.

The rate might not be ideal, but securing the property now is crucial—you can always refinance later for better terms.

A quick Internet search of "Costa Rica Mortgage Loans" turned up a couple of brokers and private equity offerings.You could also try to get the seller to finance part of the purchase price.Or borrow it from your 401K, if you have one.Depending on your credit score, it might also be worth looking at rates from a local credit union, bank, or even Prosper or Lending Club for a personal loan rather than a real-estate secured loan.

Perhaps they like to see a written 7-day notice (and perhaps with some type of evidence of “service” on the tenant) not work before you take the matter to court; tho, the following document also does not seem to care about the time or the manner of the initial demand (Notice): https://s3.amazonaws.com/cobbcounty.org.if-us-east-1/s3fs-public/2024-03/Proceeding-Against-Tenant-Holding-Over-Eviction-Form.pdf.

My question is, is there anything more I need to do to (i.e. issue a formal written notice of lease violation) in order to prepare for the possibility of keeping a portion of their security deposit to pay for eliminating the odor? 

On June 28, a second notice to abate public nuisance and an order to show cause was issued, requiring the seller to appear before a hearing officer on July 16, 2024.On July 16, when no one showed up, another notice was issued for timely abatement of the nuisance, giving 30 days, until August 15, to repair the heat, fix the plumbing, obtain a fire rehab permit, and receive a final inspection.The property was listed for sale on June 10, 2024, nine days after the seller received the first notice.

99.99999% of all lenders are going to come after the secured asset, not the entity's other assets. 

Also check your states Security deposit laws.

Efficient negotiations secured the property for $158,000 on favorable terms.

Finding a property, negotiating a deal, securing a tenant, and managing a rental is seriously hard work!