They've been outstanding to work with.

I'm looking at a foreclosed duplex listed via Auction.com and it's showing two outstanding liens in addition to 4 mortgages in its history.

He was the one who sold the farm land for the highway exits to be built in Lex/Midway 40+ years ago!

The number of agents is about 6 or 7 agents and they combined their sales under one team, which makes their performance very outstanding..That team put a lot of ad on everywhere such as zillow, trulia and local radios.

I have no other outstanding loans, and the bank I'm currently talking with will not use current leases to be used as income, which I find a little ridiculous, but I'm about to call a few other banks today and see what my options are.

I know a lot of others that played the other side of the highway in garden oaks and did well.

You mention the owner has paid $70k on the mortgage but that isn't a number that matters (since who knows what interest rate he's on or if he's made any extra payments), what matters is what the outstanding balance is on the mortgage and can you offer them a purchase price that is A) Fair to the owner, B) Helps them sell with some amount of equity and C) Gives you room that it financially makes sense.The numbers change based on if you want to flip it or rent it, making the question "does it make sense" different based on the direction you choose.In short, I have no idea how much I would offer...

Other things to look for in either scenario, but potentially even more so for flipping, are things like the walkability of the area (can people walk to things like bars, restaurants, coffee, school, is it very hilly or is it a pleasant stroll), ratio of owner/occupants to renters in the area (people like to buy where everyone else buys, not in high rental areas), street noise (people like to have easy access to the highway, not be underneath it), etc.Of course, while internet research is hugely beneficial, a great way to know if a property is a good bet is to visit it and tour the town yourself.

My guesstimate is the expanding Cumberland area thanks to the new Braves stadium and expanding highway and roads.

There's a house up for sale but the owner currently has an outstanding mortgage loan.