The only reason that its not way more $ considering how close it is is that there is a highway that divides it AND the schools are horrible, like active gang activity in the highschool bad, but if you don't have kids and even if you're planning on them a few years out, the schools there will get better, its just going to take a bit. 

They wont allow an assignable contract, its their way or the highway. 

The outstanding units he still owns include 2 triplexes, 3 duplexes, and 2 single family homes.

Acquired through off-market from a realtor that I have brought value to previously.It's in a great location close to the highways but with lots of land.

Hi BP,We are looking to do a cash out refinance of our primary residence (no outstanding mortgage).

You should get a preliminary title report when you're in escrow and that'll give you an opportunity to ask the lender to clear outstanding title issues.

It is on Highway 6 North (77084).

Our current All-In expense is $13,000 (this was a tax lien) and we have an outstanding liability of $11K, which could increase our total all-in expense to $24K (rounding up).

Occasional flooding on the highways and certain areas of Metro Phoenix.

If you pay off the 127k + 16k outstanding you would own the house outright and I think that would be the cleanest way to do it.