You can have an outstanding unsecured promissory note that can be paid out of the "delayed financing" cash out.

It was suggested to me today that I can leave the purchase price blank and put purchase price is equal to all outstanding liens of record and on the subject to line put that the deal is subject to all existing liens of record?

Ben,Welcome to BP the super highway to all your questions.Joe Gore

One other thing in an older BP version, is that once a post reached a certain number of votes, the border around that post changed a bit to highlight that post and draw the reader's attention, and it changed again at another vote threshshold (something I admit I liked, to make sure I didn't miss something outstanding in some thread).Keep in mind that the BP site limits your number of vote bullets in a given time interval, so you may want to be selective in voting lest you run out of votes just before I post something great :)

Dollars ($500.00) together with interest thereon at the per annum rate of two percent until all amounts outstanding are fully paid.

Had it just been the one property then I was going the F/F route because of %rates and the fact that I only have 2 outstanding mortgages.Low and behold, fate now throws a curve ball (not sure why I felt the need to do a sports metaphor), and now I'm having to learn about creative financing, legally of course.And @Michael Worleythis is yet another piece to this puzzle.

If city inspectors have outstanding issues or un-liened fines, it may be more difficult to get insurance.

If you are raising capital with the intent to loan it out, stand in the middle of the room, look to your left, that is the regulations around raising capital and then look to your right, that is the regulations around lending money.How to raise capital in compliance with SEC/FINRA is a whole set of discussion on their own.

There is a weekly webinar by @Brandon Turner which is always outstanding. 

When a tenant is past due on paying their utilities, their bills add up, and so they automatically think that a $500 bill is for one month instead of being an accumulation of outstanding bills they owe the utility companies.