@Dan CumberlandThink of it like a sales pitch.How are you going to convince your friend/family/random BP member to increase their outstanding debt by $550k?

Too many outstanding high balances can affect your credit score.

Steve is not only brilliant, he is outstanding at explaining things in a simple clear way.

You look like to are off to a wonderful start and as always the BP community never fails to offer wonderful advice and outstanding activity leads. 

There may be late fees or other charges included in payments in arrears so the you may not be able to subtract the payments outstanding to the balance when payments stopped and see todays balance.If the balance due is given as an estimated payoff, the amounts in arrears are already included.

You may be able to push that saying you may not close with outstanding issues, but I'd pick that battle carefully, you might just release the tenants from the lease if they wanted out with a "Sorry that guy messed over you" letter.

I've also done as much research on any potential road blocks like outstanding liens, back taxes, inheritance issues, etc.

That way I don't have lots of valid offers outstanding and don't have money tied up.

Thanks @Jon Klaus, I do already know that the community here is outstanding.

As i understand it if the APR (annual percentage rate) is 12% then to figure out your monthly interest payment you divide that number by 12 months (equaling 1% per month of the outstanding balance)The other part of the equation is what are the minimum payment terms?