From what I understand, liens don't mean you can't sell the house, it means the lien holder get's paid part of the proceeds to cover the lien.

just got back from a 10 day vacation in Hawaii paid for entirely with quarters... lol

At the very, very, VERY least ask yourself why someone hasn't paid $14K for that home yet...Most investors are looking at more than that for a down payment so there must be more to the story on why it hasn't sold.  

I've been a member for awhile but I'm looking to become more active online and with investing.

It's online only.

Paying down the extra 10k is wise.What doesnt make sense is how much you being paid now, $15,000 a month?  

Not sure of the best place to post this so here it goes.I've talked with an online bookkeeper that I like quite well.

I know I should know this, and is answered to a degree out there, but ill ask anyway ...If I do a cash out refi on a property that I have paid off, I probobly will be required to keep like 25% in, and then I am paying a new mortgage payment on that property for a 30 year fixed time frame, right?

If for example his or her property was bought for 300k, 10 years ago, and now its been forclosed for two years, that would mean they paid mortgage for 8 years and have lets say 200k left to pay.

My question is, since we closed on the 11th of August, and the rent had already been paid for the entire month, shouldn't we receive a prorated amount of that rent, after we took ownership?