You borrowed $388k and you’ve paid your loan down to $384k with your $30k in payments.

Can you be financially free, sure, consider if you are buying real estate you will no longer have stable income to get a loan.

My apartment bldg has 6 units, so it's a commercial loan.

We use a construction loan to build a 4bed 4 bath cabin.

We split mortgage and are both on the loan and title. 

Quote from @Beth Johnson: We pass all loan servicing charges through to the borrower including set-up fee, monthly fees, and any servicing charges such as payoff demand generation, and loan close out fees. 

When this person goes bankrupt in the next recession, this loan will be part of bankruptcy proceedings.

If the interest rates go up to around 7% again do the numbers still work for the remainder of the loan? 

I got a HELOC loan on the home for $130k.

If you want to combine two or more lesser sales into one higher purchase that is fine as long as your purchase meets the timing requirements for each sale.