. - What is happening with the $38K outstanding land contract on this property?

but the house is in the service drive of a highway, it's a pain to back out into the service drive (although could turn the car around by going into the grass area at the back of the house), that's why I got it cheaper than other houses in the area, 29K and putting about 20K in renovations.

In those cases I had paid off at least 20% of the outstanding loan, so the total owed was less than 80% of value.

We do update if it is extremely old/poor looking but as long as it is average we will just deep clean it and leave it.Vacancy is almost never an issue since the area is highly desired, close to highway, shopping so we typically rent at market rent or sometimes 50$ below if they are willing to sign a multiple year lease.

This place is near the highway and I want to eliminate as much road noise as possible.

The purchaser is deemed to have constructive notice of the outstanding dues by virtue of the recorded HOA covenants, i.e. you need to call and check the status of dues with the association prior to closing and the closing attorney will collect pro rated dues at the closing table.

They should know all the outstanding liens.

I usually have three or four outstanding at once.

However, this program adds an innovative twist to this basic product: growing equity mortgages (GEMs) enable the homeowner to apply scheduled increases in monthly payments to the outstanding principal balance of their mortgage and thereby to considerably shorten the term of the mortgage.

I know I can only have 1 outstanding VA loan out at a time, but how do lenders feel about investment properties?