Just thinking that the LTV is unlikely to be 30% based on amount outstanding and state of the unitThanks

One of the unusual things was there was a previous HELOC for $250K (this is a 3rd loan) from a few years earlier than the first mortgage that was still showing outstanding.

Outstanding!!!

Maybe agree to provide this (non-reference) reference if he agrees to move out on X date in broom clean condition and you also won't go after him for outstanding rent in court.

Holding costs begin when you move out and place the property in service.VA loans are not based on the number of loans but on your VA entitlement amount, if your entitlement is say 160K, you could have 4 so long as the balance outstanding on all loans doesn't exceed that entitlement, like 4 at 40K.As those loans are paid off your available entitlement increases.

If you still have outstanding loans then "Seller Financing", as far as I know at this point in my education and experience, would be very risky as the holder of the loan could request full payment from you due in 30 days.

You don't want to buy the company only to find out it has outstanding lawsuits.

@Tre' WatsonI had an option contract where the seller got $5k and I paid back the outstanding taxes.

What happens if you lock up an outstanding property tomorrow?

For this reason, many property owners carry an earthquake limit equal to the amount of their outstanding loan.