The HELOC may or may not disappear, but it will likely be "extinguished" from the property title after auction.After a first mortgage lender forecloses and it's lien is paid off with the proceeds from the sale, any surplus funds from the foreclosure sale are distributed to creditors holding junior liens, like a second mortgage lender or judgment creditor.And by the way, YES you should serve notices prior to entry just to be safe.After you acquire the property, what is the goal? 

The property is in Nova Scotia, Canada. 

Since childhood, I have been fascinated by the concept of rental properties.

I'm still gearing up to buy more hold properties.

Get creative if you like but end of day a property is only worth what someone will pay.

You have to like going there because no-one is ever going to care about your property as much as you.

I have found a tenant that has agreed to a relatively unconventional agreement for my furnished property in a popular vacation location.

This involves purchasing a property with 1 to 4 units using an owner-occupant loan.

I’m currently in the middle of a new construction deal, and have an investor that flips plenty of properties- just closed on 2 of his and we have quite a few more coming. 

Hi all,I am here looking for help to figure out the best strategy to own a STR property.