There is a potential rule where, if the buyer turns around and SELLS it back to the defaulted party, the lender may have a claim to go back after the previous owner and reinstate a lien, but nothing about renting it back to them and, I've only seen that happen in short sales, never in a foreclosure sale.Heck, for that matter, the borrower can be the buyer at their own foreclosure sale if they want, and if its in California or any other anti deficiency state, they get the benefit of buying it back for less than what's owed.

And take this for just non lawyer, anti BS advice.

I used porcelain tile (pure porcelain all the way through, not just a glaze) so tough that we had to use diamond drills to drill in our anti-tip for the oven.

And since you are in an anti-landlord state, I would consider hiring an attorney if you need to do an eviction. 

Also, NYC is one of the most anti-STR cities in the country, from what I gather in my hunt for the perfect STR.

Ordinarily a question like this works it's way into a full scale anti wholesaling / wholesaler bashing thread very quickly.

There are a number of anti-abuse provisions within the partnership section of the tax code (sub K) that you would need to address (e.g., disguised sale rules, etc.), not to mention some additional general anti-abuse rules outside sub K.

Of course, those supporters were more than willing to "bully" up to the task and oppose any reasoning given, so this would have never been a logical discussion anyway, it was meant to inflame!   

The rodents are are territorial and are leaving their odors of familiarity and do return.They put in a sonic anti rodent contoler in the engine, sprayed strong mint, chili spray, mothballs, set traps To no avail.A landlords lackadaisical attitude can cost you a good tenant with lots of repairs and damage.

The rent is quite a bit below market and purchasing the property only makes sense if I can raise the rent.I know NJ has some strong anti-eviction laws... even with a month-to-month lease it seems like you can't just kick someone out at the end of the month, but have to renew.