Then seller didn't have a clear marketable title and the ability to sell the property.So it really depends what the liens are.

Next, and again my current experience is in a different industry but one that's a highly dependent on Google reviews and ratings, I've found that there's always a break-even point where "paying someone off" doesn't provide enough of a return on the payoff. 

Also depends if you are getting appraisal and what attorney charges for creating loan docs

Going to depend much more on more details / your personal situation - all things equal you will probably get better rate/terms on conventional if you qualify for both

Depending on how that goes, I’ll aim to repeat it 1 or 2 more times.

It depends on what the terms of your mortgage are.Pros-with no mortgage, you have higher cash flow.Cons-if you plan on buying more properties, you are better off saving the money for a down payment for your next place.The big questions are: can you get higher than 7% return if you invest that money elsewhere? 

Depending on what he is offering you i searched the address with the secretary of state. 

Adding this circuit in would likely be quite expensive depending on access between the laundry area and the panel.

Unfortunately with those numbers it's tough to find a non-bank lender/financial institution that will lend.Usually loan minimums are $50K and the up to 75% LTV on purchase-money/70% LTV on cash-out refinancing, which basically means you need up 25-30% depending on the type of financing. 

In our experience, things move in ebbs and flows and the speed of rental depends on your asking rents relative to competition.For example, there was a period of several months at one of our properties when a 3 or 4 BR unit came on the market it rented almost instantly.