Hello,I am a young investor looking to get knowledge on how to utilize seller financing to obtaining 2nd rental property.I bought 1 single family home in Tilbury, Ontario in 2021 and it is not cashflowing AND not able to sell right now as locked in mortgage until 2027.I do have some cash, but not enough for a 2nd property, and I seen plenty of off market seller financing - but I just don't understand the whole seller financing business to obtain.

This house currently has no renter though they are actively looking to put one in the home.House 5. rents for $725/m the loan will cost me $13,000 as a down payment and $6,000 closing costs, and should cash flow approx $275/m after mortgage payment are made.House 6. rents for $725/m the loan will cost me $14,000 as a down payment and $6,000 closing costs, and should cash flow approx $250/m after mortgage payment are made.To be able to make this down payment I have the option to:HELOC my current home which cost me about $850/m in repayments OR I can find a hard money lender who would be interested in working with me, I am currently putting together a hard money lender proposal to show a couple family members that would basically look like this: No repayment in the first 12 months, all income going into an account to allow for repairs and emergencies, after that taking the cash flow and splitting it 75/25 to the lender paying it off in approximately 13 years, sooner if we can make extra payments on it and giving the lender an 8% return on his money(about .5% less than what I was quoted for my HELOC).ORI can potentially do a deal with my brother who is also looking to get into real estate and we split the properties 3 a piece.These properties are right outside of a military base in a low income city but have done well for the family currently owning them with consistent long term renters in them.I am looking for any advice as to whether or not this is a deal worth pursuing.

I have no credit debt and $12,000 of student loan debt I'm looking to pay off within the year.

I don’t see any negative impact of leaving her off the lease, but wondering if there’s something I don’t know.?

the buyers might have walked off more because of demeanor than issue?

Light cabients do best - especailly whitethen bathroomsRight now off white is a great color for walls, white for ceiling, and semi gloss white for doors and baseboards.

You're counting on selling another property, and then paying cash to pay off the balloon? 

In the off season, I would market to work crews and others who might travel to the area for several weeks at a time.  

No leads so far.This is summer where most of the students are either off on holidays or have an apartment.It is a 1 bed, 1 bath.

This was recommended to me by my agent based off of the class neighborhoods I'm interested in investing in.