This road is actually a state highway, and its three lanes just to the north of use for some number of miles.

whatever you paid for it at the the sheriff sale is what you owe. now the previous owner will pay more as there were more costs from when the sale took place until you (the new oner confirmed it).bottom line, you only owe what it sold for at auction. if there are surviving liens (like a mechanic's lien or any outstanding water bill), then you would most likely owe that. 

Do you want to see X% "compensating balances" or do you want to see Y% as a portion of the total debt outstanding?  

@James Wright I have considered borrowing against my 401k as well, so the only caution I would throw out there is to make sure you stay in your current job as long as the loan is outstanding.

If the interest rate is 10%, the interest is always 10% of the outstanding balance.

This means the return from the REIT can be outstanding as long as the REIT is earning any money.Yes, to get the favorable tax treatment you cannot retain earnings.

For landlords that do not have grace periods it's like driving on a highway the police do not patrol.

Since it's highway robbery to pay a licensed plumber to do anything, I was wondering if most people ignore the permit issue when dealing with the heater, or is it better to go ahead and pay the plumber for liability reasons?

After paying 10 years on a 30 year note, the outstanding balance would about 80% of the original loan amount.

Totally wrong and it'd done everyday by individual hard money lenders, those posing as privet money guys.Read the security agreement, generally a payment over 30 days constitutes default and the lender has every right to accelerate the loan to maturity, demand all amounts outstanding payable.