If funding is an issue, you do have some options.

I was trying to use the rental profit calculator but it did not have an option that I could see for Canadian towns and Provinces.

Another option would be a co-living arrangement utilizing a company like PadSplit.

The last tip, I would also see about the first option above I mentioned and add in staging if you do not have it. 

Then you can take that cash and buy quality real estate, accumulate the cash flow and grow your portfolio-wide before you grow it deep - meaning paying off loans. 

No other loan option comes close to that. 

Do all your due diligence upfront (see if you can get an inspection done before submitting an offer)On the lending side a DSCR loan is an option.

This multifaceted approach can often shield them better against market downturns, providing a more resilient investment option. 

I have a few other options - feel free to shoot me a DM if you want more specific contact info, etc. 

How to Structure the Deal to Protect Your $20KIf you’re willing to cover the $20K arrears, here’s how to protect yourself:Option 1: Secure Your Funds with a Lien or Escrow AgreementUse an escrow account: Deposit the $20K into escrow with clear terms—if the assumption is denied, the funds return to you.Record a promissory note & lien: If the deal falls through, this would give you a legal claim against the property to recover your funds.Option 2: Sub-To + Wrap While You AssumeSubject-to deal: Take over the existing loan payments before assumption approval, securing control.Escrowed deed transfer: The seller signs the deed into escrow only to be recorded after assumption approval, ensuring they can’t back out.Lease option fallback: If the assumption is denied, consider a lease option agreement until another solution is found.Option 3: Negotiate a Seller Financing HybridAsk the seller to carry a small second note for the $60K equity gap at favorable terms.Use your $20K as a down payment, structured as a secured loan against the property.3.