-will I be able to get finances with outstanding taxes owed on the property. 

I just hate to dump this property right now as there is a new golf course going in across the highway that the Byron Nelson will be played at and the value should go up substantially once that opens next spring.

I have tried to buy a property near downtown, especially around the USC-90007 area, because it is appreciating like crazy, plus the USC village will be outstanding and all the people working downtown that wants to live in a house 5-10 min from work will live there.

There are no "handicaps" that either of us have that would require the true need for the other to be involved...both have good W2 income, both have outstanding credit, no legal issues, etc.  

I'm hesitate to make this deal because of the out standing mortgage and I don't have the cash to pay it in full. 

There are no 'rules' that I know of, but just the reality of getting things moved/done/etc.....In my case, I missed an OUTSTANDING buy on a duplex since we did not have things set up yet, just at the 'almost ready point'.

@Steve Marshall Thank you for the outstanding advice.

Bernie great post....219 contacts to 83 calls then 4 purchases that is outstanding!!!

BTW - 10% property management for a MF property is highway robbery.

This house has no garage and no A/C, plus is it just off a very busy street (Highway 53).