But get this -- he can't see worth a damn up close, and he refuses to wear reading glasses because they don't go with the look he cultivates.

If things get tight, you still have to make the loan payment; otherwise, the outstanding balance would generally be taxable and if you’re under 59.5, also generally subject to the 10% IRS early withdrawal penalty.  

Reno projects almost always go over budget but good to hear you took the first step.For cash out transactions, the new lender will pay all outstanding balances off in full so they take first lien position. 

Even in the low rent rant this is still a pretty damning factor.

Many of these people will do anything to sell a home and collect that commission check and they wont' give a damn if you lose money or not. 

Costs me $12 for a credit check showing score and any outstanding collections.

I do this not because I'm a good person, but because I want to make damned sure I get my rent every month.

I've got to at least finish cooking the damn pancake before I can throw it out, and I can tell you that there are enough systems-improvements to be made yet, that the thing is not yet fully-cooked.After meeting last night with Rich Dad's Son, we covered how to browse Co-Star to look for deals. 

The only way to get a truly accurate number is to get the outstanding balance from the lender, which usually requires cooperation from the owner. 

I have not been in a position to need to use this type of system to this point but I do have a suggestion for you,  not sure if you listen to the bigger pockets podcasts but they do an outstanding job of not taking sponsors just for money, but selecting sponsors that can actually provide something of value to listeners and members of this website.