The other tenant is outstanding, he wants to stay, the place is clean, in good condition and we are told he always pays on time.The property will cash flow at current rents, but the plan is to rehab the first unit to get it to market rate and raise the rent on the other unit.

Most country will cut you some slack if you are actively paying down the outstanding balance.  

My wife and I have a condo for sale in the Waverly Park development near Gene Autry and Highway 111.

In the Lease Agreement I have it stated that any  money received in my office would be applied first to any outstanding bills they owed to me. 

The area that I focus in Abby is East Abby, the highway one to Abby mission connector and upwards onto the mountain.

And if they do, it's generally what's called here, the Final Judgment amount which is the outstanding loan balance, interest, legal fees, etc.  

Bigger Pockets- Bigger Pockets is an outstanding way to find and network with cash buyers.

The subject property is currently listed for sale The existing mortgage is a “restructured mortgage” Transactions in which a portion of the proceeds of the refinance is used to pay off the outstanding balance on an installment land contract regardless of the date the installment land contract was executed.

It's a very spread-out city with the big shopping malls way up the highway and the airport far south, and even the 'downtown' is spread out.

I agree with Jeff, except it seems, according to your example, that your outstanding mortgage would only be $80,000 (since you put $20k down.).