The violation - depending on your state - will provide a 'cure period' before eviction proceedings would begin. 

I’m in the redemption period and it will go up 1.5% or $3,300 every 30 days for the next 5 months.

Median time on market is still 7 or 8 days and that's primarily due to the waiting period to allow everyone to bid. 

Those are some amazing #’s in that short period of time.

So same thing I paid my monthly payment to my bank and kept the rest.

This isn't 2011-2013 days but many people are stuck in that time period STILL.As I finish my licensing study, I'm very grateful I chose this route as opposed to being a one trick pony.Wholesalers did themselves in by their method of operating.  

All businesses can hit speed bumps during any growth period. 

Maybe we're in that period you're referring to when rental rates have not caught up to the increase in insurance premiums and taxes. 

I make my regular interest-only payments for the first 7 or 8 months, and my interest-only period lasts 5 years.

The “borrower” would have an option to buy back the property if (1) all lease payments (“mortgage payments”) have been made and the borrower/seller pays is the sale price/loan amount in full at the time the option period/note matures.