And lastly, it sounds like this is the OP’s first investment property. 1 month later, and if you have surplus time and money to look for ways to improve your tenants’ life, you need to focus more on acquiring properties and funding, less on how to make your tenants' lives better.

At the auction you can bid it up to what you are owed because you will get the surplus back. 

For my money, I would go for a solid location within toronto and make sure the property carries with a bit of surplus.

Surplus/overage goes to the owner, after all existing mtg.s/liens are paid off what they are legally due.

Just a matter of finding the right opportunity, and for your given situation.Starting your RE portfolio via house hacking is a great way to get into RE investing because you're able to come in w/ little money down and can potentially use surplus units rents to help to qualify.Hope this helps ~

We had a surplus of high quality furnishings.  

I think one is naïve if they think that the money that has come into the market is simply a surplus of cash that has just been sitting around in peoples accounts for the last decade.    

I've leased this home for 5 years and never been late 1 time.. we were impacted by the Nashville Tornados and just this week my owner sells the home from under us and gives me 30 days to move.. with the tornados, taking the market's property surplus and the COVID basically shutting down the tourist town of Nashville.. alot of my officers are basically screwed... including my family and I.

That 2500 would actually net you a 1750 surplus.  

Surplus?