Lebanon, Hampton, Quaker Valley, Fox Chapel, and Pine Richland are all outstanding school districts and while the homes are still a bit pricey, they aren't nearly as bad as Squirrel Hill.

Most Mortgages contain a "due on sale" clause, allowing the lender to call the entire outstanding principal amount due within 30 days upon a sale of the property secured by the mortgage.

I would recommend reading outstanding CPA @Brandon Hall 's recent blog post on partnerships and entities: https://www.biggerpockets.com/renewsblog/flexible-...

@Mark Kao - a fixed 3.75 and 4.25 is outstanding, wish I could get those numbers on some of the NOO properties I'm looking at right now.My opinion is that if the condo is paid off and you haven't had any bad experiences with the HOA, nor have any reason to believe a series of special assessments are on the horizon, then I'd do as others have suggested and pull maybe 50-75% equity out to expand your portfolio.

@Jeff Kehl I've been seeing this a lot in deed records as well -- a lot of the houses will have outstanding loans far exceeding the purchase price.

If that's the case, the only (theoretical) scenario where you'd want to carry the credit card debt while paying interest, is if you found a cash-flowing deal so outstanding that it covered the interest you're paying on the credit card and provided returns north of the added expense.

They are twice the work but not (so far) double the money.Again, this is in my area, for other areas, short term rentals may be an outstanding idea.Andrea

Any realtor or lender can pull a title report on that property in like 2 seconds.Any competent lender can then guestemate the interest rate based on date of mortgage, use what you know about when he likely stopped paying his mortgage, and back into the current outstanding debt on the property.

It is my understanding that the loan needs to be repaid within 60 days or the outstanding balance will be subject to a 10% penalty & taxed as ordinary income.

You should start by googling "Code enforcement CITY" and "Code violations CITY" and then call the code department to see how you can view outstanding violations.