I prefer Stanley Nickels and Schrute Bucks

Then payoff their mortgage/liens and I take the rest.If I structure it this way I've been told I don't necessarily need to go through a title company and formally "Close" on the property which would save me a few thousand bucks. 

Leaving it would save me few bucks but getting her the off the property is peace of mind.Lesson learned -> Have a early lease termination terms in the lease, probably 3 month rent.

We are also not desperate for a buck.

The note carried a 7% interest rate for 15 years, so my yield to maturity was 17.7%.  

You really wanna lose a good paying tnpenant over a few hundred bucks?  

But I once did one to save a couple thousand bucks, and it cost nearly that much just to hire the Qualified Intermediary.Also, I found myself wanting to move into the property I exchanged, which is a no-no without allowing a couple of years to pass under a safe harbor.

In a stagnant market, you might need to hold for an extended time for the value to increase enough, and the pref might mature before you can get there.  

If the loan has matured the reinstatement amount is the payoff amount. here is an example:$100,000 mortgage (also known as UPB - unpaid principal balance)  at 10% interest.

If you have maturing debt on the property or need to deploy this cash elsewhere, I would try and see it through with your current lender & work toward a solution.