Also other UNRECORDED liens like Mechanics Liens, DPW, State Liens.

I call them and say I acquired the property on this date via foreclosure and unfortunately the HOA liens were removed and I am only responsible for X.

The seller has an outstanding balance of $18k.

Missing columns, no summary formulas, no way to scan who's paid at a glance.So I put together a rent payment tracker template based on what the best setups I've seen have in common:- Columns for unit, tenant, amount, due date, and payment status- Color coded status so you can scan who's paid, unpaid, overdue, or partial at a glance- Summary formulas at the bottom for total collected vs outstanding, paid count, overdue count- Works in Google Sheets and Excel, no macros or anything weirdI also made templates for maintenance tracking, lease renewals, and expense tracking.All free, no signup.

I found a lender that will do an 80% LTV cashout refi on investment properties with a FICO 720 or greater in the 2nd lien position as well.

Rebalancing.Now look at multifamily.Freddie Mac serious multifamily delinquencies are at 0.48%, the highest level in over 21 years.Fannie Mae serious multifamily delinquencies are at 0.75%, the highest since 2021.Both have doubled in the last two years.From 2014 to 2019, multifamily 90+ day delinquency rates averaged between 0.01% and 0.10%.For comparison, the 2008 peak was roughly 0.80%.We’re not in crisis territory.But pressure is clearly building — especially in leveraged assets facing higher refinancing costs.Now bring it local.Greater Louisville market.February 15–21:Listings2025: 3202026: 391Sold2025: 1832026: 171Year-to-date:Listings2025: 2,5272026: 2,947Sales2025: 1,5042026: 1,421More supply.Fewer closings.And now rising search behavior from sellers who can’t move inventory.This is how leverage shifts.In 2021, sellers dictated terms.In 2026, math dictates terms.Add in one more structural shift.There are now more 6%+ mortgages outstanding than sub-3% mortgages.The share of 6%+ loans has climbed above 21% — the highest since 2015 — and now exceeds the share of ultra-low-rate mortgages (sub 3% interest).That changes mobility over time.When a larger share of owners are already at 6%+, the psychological barrier to selling weakens.

They get those liens with the property. 

Even if you never hire the firm, Fortra’s webinars are outstanding, free, and should be required watching for all private lenders and their staff.They’ve had some drama with the loss of their leader but no issues observable from my end.

Other states the Tax Sale does not wipe out any liens, etc.

Here is a lit of what I ask for:Are there any outstanding liens, judgments or fines owed?