Condition your offer on the 4-point, financing, insurance, and vacant possession (aka "get your stuff out by closing; no tenants without your prior vetting/approval, and no commitments to rent are outstanding).Get out of your way and go get yourself a great deal...and know, sometimes when we lose a deal - it's actually a win.Best...

Not standing out. Standing

CA RE has historically achieved outstanding cash flow.Actual cash flow is the cash flow over the hold period.  

For example, 80% of 470K is 376K, Minus your debt outstanding of 220K.

The closing title company/attorney simply deducts the outstanding taxesfrom the seller proceeds and pays them.  

The repayment terms for a 401k participant loan are equal monthly/quarterly payments of principal and interest (typically prime plus 1%) over a 5 year term (longer if used to acquire your principal residence).Please note that if you take a full $50,000 and then pay back the loan, you can't take another $50,000 until 12 months after the first loan was fully paid back.Per the loan offset rules that went into effect with the 2018 Tax and Job Act: if you leave your job and the loan is current at the time you leave your job but then the loan goes into default because you left your job, you will have until your tax return deadline (including any timely filed extension) to make the loan current by depositing the outstanding balance into an IRA (and thereby avoid the taxes and penalties that would otherwise apply).

if my lease says any payment is first applied to outstanding fees etc... what is the best way to approach this?   

its amazing on BP its pro wholesaling and finally one absolutely out standing individual who actually understands the ethics behind most wholesalers.

Yet San Diego financed buy n hold would have produced outstanding ROI (averaging better than Houston).  

Consult with your attorney but I would expect your lease provides that tenant is in default for late payment, triggering numerous default options (acceleration of outstanding rent owed, right to evict, etc.) for you as LL.