I try to find a balance between all of this. 

However, it seems crazy to me that he can't say "I have a note with XX balance, at XX interest rate, for XX years.

Depending on how much or little they have left on mortgage + any home equity loans, tell them you may be able to help them if they are willing to let the house go for the balance of the mortgage(s) paid directly to the lender (not the seller) at closing.  

Besides their principle balance there will be attorney fees, late fees, and interest added on to the balance owed.If the notice is good to the lien holder and it is a Judicial Tax Sale, then the lien will be wiped off the property and if there is a deficiency that would still go against the person owing the debt.If after paying all the debts, if there is any money left it would go to the previous owner.  

If the house sells for less then we owe, am I still obligated for the Balance?

So could working my *** off day and night to get up the cash to start properly.Anyways, every time I read one of these no money investing type write ups, all of this really basic knowledge I paid through the nose for in my MBA program says "if an investor is a business, who does a 100% financing on any business asset, without substantial proof of past performance and a balance sheet that shows capital reserves that would allow for proper exit or sustainment of said asset? 

Last year you would have simply looked at the financials and reviewed the occupancy rate, rent rolls, operating statements, balance sheets and tax returns.

I think we all struggle with balancing all of life priorities, especially when you have little ones.

In fact I'm too busy for my preferred work-life balance currently, and am on pace to hit my sales goals for the whole year in April. 

It’s just a business expense.Besides by using some leverage and keeping more cash on your balance sheet, you can have some dry powder and weather a storm if one happens.