NONE of the money raised from the auction of a 2nd goes toward the payment of the 1st (that is why they call it "subject to the first")4.

DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

The payments and interest are high.

This way the payment never fluctuates.2.

If the Owner wishes toterminate the agreement during an existing tenancy the owner will be held liable for payment ofmanagement fees for the duration of the existing lease as well as a $300 + GST cancelationfee.

I have the opportunity to help a family member be part of a joint venture with them putting the down payment down.  

Start by serving proper notice of the management change and request payment details.

Until the house goes through the foreclosure process, I am making monthly interest payments.

In my experience that's not actually the case at least in legitimate evictions for non-payment of rent or breach of another part of the lease.  

We saw huge appreciation in the 2018-2022 inflation run up, but that has significantly slowed these days in my opinion.From a rental perspective your monthly income per unit after all expenses with a typical 20% down payment is likely $100-300 when you find a property that will cash flow.