This actually typically means they are lower than mortgage rates in the immediate term, plus are interest only, so your monthly payment will be dramatically lower on the outstanding balance.  

You can have up to 10 properties with loans outstanding with Freddie or Fannie.

@Kevin Jones that are some great points in the prior post, but one thing I wanted to mention was using equity in some of the properties to pay-off the outstanding loans of the other properties. 

It is typically 80% plus of the outstanding shares.

An outstanding partnership that has flourished.

Pros- - Outstanding cash flow- Great small community with good school system- Mixed Units, 17- 2 BEDS/ 18-1 BEDS/ 1- Bed- Low vacancy rate- Common area laundryCons- - Extremely old building, 2 buildings total, an old school turns into multifamily living, built in the 1900's- Exterior isn't the nicest looking, it needs a lot of TLC. - Not the best location, the community that its in is about 10,000 people in the state of Illinois about 30 minutes outside of St.

I sent her an email reminding her to pay the outstanding rent plus the late fee, and a move out letter spelling out all her responsibilities to clean up and return all the keys/misc.

Note that that is different than the sale price due to closing costs, outstanding mortgages, liens, etc.

Regarding a lender, they will want to know all of your outstanding debt obligations to calculate DTI ratio

Located in an outstanding submarket with a high level of demand in affordable housing, this property should maintain a high occupancy rate in the future to come.