Did you make sure there were no outstanding water bills or possibly other judgments?  

I planned to pay the 401k loan back afterwards but kept it outstanding for a for a few projects due to the leverage it created for continued real estate investing.You have to win though; otherwise, you have a failed investment AND lost savings.

Have a title company provide you with a report on the property so you know that the person selling it to you has the right to sell it and also that there aren't any outstanding liens against the property he didn't tell you about.

In a wholesale contract it says:PRORATIONS:Real property taxes will be prorated based on the current year’s tax without allowance for discounts, including homestead or other exemptions.Rents will be current and be prorated as of the date title transfers.Does this mean the seller is responsible for any outstanding balance on the property before the closing date?

I have been running into for the past year homes I find vacant/abandoned, know home is a good rehab project, find out who the owner is (assessors site) plus viewed treasurer site to see who is "paying" the taxes currently and after all that work to the point I actually find this owner is, the owner tells me he/she "let the home go into default" or just walked away from the home with a outstanding balance owed to the lender. 

So the Title search would basically remove all concerns about outstanding debts / liens / loans guaranteed on the property....And an easement would have to be filed somewhere on paper.

., in the next couple years: Regardless of where the money comes from, it's not a good idea to borrow money for travel or anything else disposable or fleeting.

The main goal is to reduce the number of bills that you want to keep track of and reduce the total interest rate on your outstanding obligations. http://www.vantageacceptance.com/credit-card-debt-consolidation/

My 6 Cali properties have a value of $2.4M with an outstanding mortgage balance of $1.3M but after repayment mortgages, maintenance etc I am not cashflowing.

He's interviewing realtors next week so I want to make a move, I have to soon before it hits the market.Location: Houston, TX (West U)Fair Market Value: $650kAsking Price: $650kOwner open to subject to (me paying his mortgage): Outstanding balance of $270k, 3.5% 30 year mortgage with monthly payments of $2350Market Rent: $3000-3500Owner also open to Owner financing at 5%Is there anyway to unlock value given the financials?