Its on the seller to clear any outstanding debt or the title won't be cleared by the title company.

I would never invest 2 mil in a bunch of low value single family rentals that's for damn sure.

You will also need to know if there are any outstanding liens, bankruptcy, foreclosure actions....in short, to be blunt, you have a small fraction of the needed information.

With the exception that in Oregon and I don't know about Nevada there is an exemption that you can do 2 in a year and 3 outstanding at anyone time, after that you need licensing..

Frankly JB, Scarlett doesn't give a damn.

It would yield 8%-10% but at a minimum 8% based on my calculations.Id say my cash position is 37% of my total outstanding mortgages. 

Damn it @Ben Leybovich , I keep running out of votes for you.

This is one of those damned if you do things.

They're all damned foreigners out to take our jobs.

*PLEASE NOTE:This is a 2nd-position funding request that can only be changed to the 1st position if I can fully pay off the outstanding first loan in addition to providing the additional rehab funding needed, which I can't do.So...What would you do, or counteroffer, on this scenario: $1,050,000 ARV Broker indicates the property at $1,150,000 to $1,250,000, but expects offers to be no lower than $1,050,000