Outstanding.

@Dennis M. outstanding student loan is ~ $11K.

How high do you plan to let the HELOC balance get, do you have enough other cash to pay off the HELOC should the bank call in the outstanding HELOC balance in full?

@Brie Schmidt I know that when you and I last spoke a lot of your properties were 2, 3, and 4 flats but if you have any 5+ buildings or 2 properties that are contiguous and equal 5+ units in Chicago, we don't have a limit on number of loans or outstanding exposure. 

If he's wanting something monthly, pay him some interest rate while the loan is outstanding, then you keep the profit when you sell.

Hi Ashley,Most standard agreements of sale will specify that the property (deed) shall be delivered free of liens.In every deal I have done it is understood and in writing that the seller will pay off any outstanding debts including mortgages, tax liens, water & gas bills, old judgments, etc.These payoffs are deducted from their proceeds at settlement, so they do not need to be paid off ahead of the closing.

What are the typical problems and issues that may arrive if by so chance that through a quick title search that there is an outstanding balance?

Beginning in calendar year 2016, on or after June 1 in a county with a population of more than three million persons if no prior year certificates of purchase are outstanding, if a person who holds a certificate of purchase for tax year 2014 and afterwards desires to pay subsequent taxes, the county treasurer shall issue a separate certificate of purchase by assignment for each subsequent year's taxes, accrued interest and related fees due on the property.

The attitude, comraderie and friendship was outstanding.

However, I'm not a fan of financing a depreciating asset.Case 1: Old Car Cash PurchasePros: No outstanding debt to go against my Debt to Income Ratio.