You also need to be clear about what outstanding tax or utility or HOA bills you will be responsible for.

The interest rate is a 9.74% variable interest rate and an interest rate of 1.25% of the outstanding balance.

Looking for folks' understanding of "snowballing".From what I've found while Googling generally, it seems to be a hybrid of the "Debt Snowball" promoted by Dave Ramsey and "debt stacking" from Primerica in that it suggests to order debts by highest interest rate first, although the one with the highest rate may not be the highest outstanding balance.

The lowball offers has taken the conversation here with all the agent/broker input, but I was also putting it out there if anyone is using podio or any other lead tracking software where multiple parties can access to do lists/tasks and progress on outstanding offers, leads, projects, off market conversations, rehabs, and listings with offers received. 

However, this is not really that relevant.My focus was on the content, which is outstanding.

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.