Also, ask if they have any outstanding maintenance issues or other concerns that they would like addressed and let them know how it will be dealt with.We don't touch leases (unless there are outstanding issues like non payment or other violations) until we feel the management is under control.  

It could be the outstanding taxes, violation fines and/or liens.  

I think I see where you and @Jerry Bruckenheimer are confusing yourselves.Here's an example:An open account with an outstanding balance.If you close that account, here's what changes and what doesn't...Well, what doesn't change is your total indebtedness.

Anything above that is outstanding, and you need to forget the 2% rule.  

Sue, thank you for your outstanding and conscientious answer and attachments.

Some outstanding growth in incomes happened as well.

The way I have seen this handled in the past is, if the tenant fails to pay off the outstanding balance before closing, they sign the estoppel and their deposit, minus the balance owed is transferred to the buyer.  

Judgement search showed nothing else outstanding. 

Outstanding, thanks Dion.Bob

You may also want to pick up Brian Burke's outstanding book, The Hands-Off Investor.