If a judgment creditor forces the sale of the property, the lender will first be enitled to the proceeds to the extent of the outstanding loan balance plus costs and fees, then the judgment creditor would be entitled to anything remaining to settle the judgment (up to the amount of the judgment).

Your Net Worth is affected by the outstanding debt, not your monthly obligations.

Non-commercial residential is not always going to provide the best return.I believe the days of purchasing any property in my market and doing outstanding are over.  

I am a Navy pilot and flew the MH-60S in the fleet around 2006.  

We would have outstanding income, except we refinance extracting equity. 

if used as rental, chances are outstanding that rents have risen. 

Does the seller own it free and clear or do they have an outstanding mortgage?

@Jorden House-HayThis is outstanding info!

Here is a description of the types of insurance producers in California from the department of insurance website.The following are descriptions of the four basic distribution methods: Captive AgentA broker-agent acting as a captive agent represents a single insurer, or single fleet of insurers, and is obligated to submit business only to that company or, at the very minimum, give that company first refusal rights on a sale.Insurance BrokerA broker-agent acting in the capacity of an insurance broker is an independent insurance sales person who searches the marketplace in the interests of clients, not insurance companies, and may place coverage with any admitted insurance company.

Your age.I will say I have done outstanding in So Cal RE, but that was a different time than today.