Could the owner carry the Second in this case, and I come in with the equity accrued?

That does not mean that new fees have not accrued nor does it mean the fees are all up to date.

Is there simple interest per year you must let accrue on the deposit?

I always pay a few cents more than the interest actually accrued so that it is never an issue.Lesson learned, I guess, huh?

Under the foreclosure listing it says "The property wil be sold subject to any past due or accruing preperty taxes (they owe one year's worth), assessments, existing easements and restrictions of record AND any other senior encumbrances."

You should never buy a rental property based on projected appreciation neither on cap rates alone.You need to look at the actual NOI based on the books, and take into account:- the additional operating expenses that may occure after the transfer - the vacancy rate - the improvements quality, age and condition (calculate the replacement or repair costs over the next 20 years)- the accrued property taxes liability you will have to carry after the transferIf you take into consideration all these factors, i bet you won't find many properties with positive cash flow after debt collection and taxes

If the defendant perfects an appeal, the sheriff shall return the writ to the clerk who issued it.When the appeal is taken by the defendant, he shall be required to give security also for all rent which has accrued and may accrue upon the premises, but for not more than one year's rent, and also for all damages that have accrued or may accrue from the unlawful use and occupation of the premises for a period not exceeding three months.

The idea of being on the deal end has always seemed so out of reach as I have never had capital and having to support myself since 16 (and at times other people) accruing it has proven nearly impossible.

His staff and himself along with his resources that he has accrued over the years will be at my disposal.

If not you may have an argument for reducing the fees... but you'll be paying the dues/assessments that have accrued since settlement in full, for sure.