Outstanding post!

-Location, where does it sit in relation to other hotels, business, highway, etc. 

– it doesn’t make sense… It would be like me telling the Agent that he has to discount the monthly rent because I’m an outstanding renter!

I am currently researching both Triplex and Quad multi-family properties in Florida.  I would like to find a mortgage broker who can offer financing with 0-10% down.   

and long term planning, I'd especially be looking at properties inside multi-family and/or mixed use zones within 1/4 mile of Highway 99 along the 10 mile stretch between Everett and Edmonds.

I ended up placing those loans elsewhereBut lastly I find it humorous  that some of the responses are ( Hey the rate was 6% or 7% that is highway robbery) these are obviously post from those who have short lives in RE investing.. 6 to 7% fixed non recourse financing historically is fabulous .

Is there anything special that will need to be added into the contract that would allow me to get out of the deal if I did find an outstanding lien that I wasn't willing to pay?

All payments made by Tenant to Landlordafter the tenancy commences, no matter how designated by Tenant, will beapplied as follows: first, to any outstanding amounts due for damages/repairs,utilities etc.; second, to any outstanding service charges or fees from priormonths; third, to any rent outstanding from prior months; fourth, to anyservice charges or fees due in the current month; and lastly to the currentmonth’s rent."  

What makes a property with no mortgage more attractive than one with $1000 mortgage outstanding?

You get a fully rehabbed property and their customer service is outstanding.