They're Outstanding! 

If you focus on positioning yourself in those three arenas, you'll have more outstanding projects than you can possibly undertake.

Here is something I include along with Power of Attorney, Sales Agreement, Insurance Cancellation Letter, Third Party Agreement, etc.Letter ofAgreement and AddendumThe undersigned are the owners of property located at ______________________________.In engaging in a transaction with ______________________________________ as Trustee on this ____________________, we understand that our loan having principal balance outstanding of approximately $___________ will be paid on a monthly basis, but not paid off completely at this time.

@Matt Hoyt Can you comment on who was your lender for non recourse and what was the outstanding mortgage balance?

Any outstanding medical bills may have to be paid.

Well, there's probabaly a reason they are all outstanding.

March 10th is not too far away but far enough that you could pull it off but time is fleeting.

@Robert McDonnell it's outstanding that a young man your age is pursuing Real Estate.

Congratulations BP for an outstanding accomplishment. 

When done correctly this can easily equal or exceed the $ value of buying something used and rehabbing it, without any of the time, effort, complexity and $ uncertainty (hidden defects) of that process.It might be useful to think of it like buying fleet vehicles for a transportation business.