I think at this point I'm just grasping at straws to try damn near anything to get her to help her situation.

After I successfully repay the two outstanding deals, he will evaluate to underwrite at 1 & 10 for my next deal.  

All payments made by Tenant to Landlordafter the tenancy commences, no matter how designated by Tenant, will beapplied as follows: first, to any outstanding amounts due for damages/repairs,utilities etc.; second, to any outstanding service charges and fees from priormonths; third, to any rent outstanding from prior months; fourth, to anyservice charges or fees due in the current month; and lastly to the currentmonth’s rent." 

I haven't seen a Sub-To that didn't agree to an amount outstanding on the underlying mortgage.

I think that you making the move to NC is a damn good idea because there's much more opportunity, especially for a 20-something, down here around the Raleigh area. 

Wholesaling is an outstanding way to start out in real estate but it's not for everyone. 

You'll learn a ton here, and there are some outstanding people, ideas, and ways to make money.Have you done your first deal yet? 

So, we called the water company few days ago to start the service only to know that the water service has been on our name from the time we bought the property and there is an outstanding balance of approx. $2500 and because of the non-payment the water was cut off.

Also, what is the process if there's an outstanding mortgage on the property?

A) The profit you came make on $80,000 (vs a 0% net internal rate of return trapped inside the equity) B) the .5 annual rate savings on the current outstanding loan balance