It's a very unique investment in that I have to pay for all the utilities but the income is very good when the house is full.

If you have a traditional Canadian bank mortgage, you can pay that mortgage off early, there is just usually a prepayment penalty of 3 months interest.

Their father agreed to pay cash for it and my friend and I are now paying him back over the course of 6 years.

I understand that this is a big ask, and I'm not interested in pay.

Unfortunately, the tenants have stopped paying rent and I need to evict.

Or you can DIY from Facebook marketplace, Craigslist, thrift stores and furniture stores.But is there anyone you can pay to help you DIY, to take advantage of local offerings and your own labor, while still not doing it wholly on your own?

Therefore, since this loan will end up sitting on the lender's balance sheet, you should be prepared to pay an interest rate that would make sense for that lender to have their money tied up without earning the additional income they would earn from selling their loans at a premium on the secondary market and being able to re-lend and keep flipping the money. 

What I know about this house is that there should be no mortgage (messaged realtor to verify), last sold for $60k in 2004.Rent in my area; $1,200 is usually pushing it but doable.https://www.realtor.com/realestateandhomes-detail/200-Walnut...At the end of the day, I love the idea of seller financing but I have many more questions when it comes to different types of properties that might be mortgaged and how does one pay the monthly payments on top of paying the equity to the seller at the same time.

Start by learning the real estate basics, study the market, set your goals, get a team of experts, make friends in the field, look into how to pay for it, begin small then grow, do deep checks, and go for it.

But I do not want the place to be lost while this is in progress.As a tenant in common am I responsible for only 1/3 share of the delinquent taxes, and by paying my 1/3 will my name be removed from the lawsuit?