As you mentioned, the benefit to paying it off is the peace of mind and simplicity. 

Quote from @Violet Cobb: Hey Michael S Brown, and everyone else who has mentioned me in a comment on here.

I think the heating cost that the OP mentioned is reasonable and typical.

To expand a little on what is mentioned the underwriter's guideline, a DIL does not extinguish subsequent liens, so if the borrower has judgments against him/her/it that attach to the property, the DIL grantee takes title subject to them and may have difficulty getting them released later without payment. 

I have heard the name of one of the founders mentioned in the past and they had a good reputation.

My plan is to use a low down payment conventional loan, and with the factors you mentioned, it’ll likely be tough to find a property that breaks even.

The plumber noted that despite the faucet being left on, there had to be a blockage to cause water to significantly overflow as it did, which is what should be reported to the insurance company.But, as I mentioned in the intro, there are a few issues here.

With no mention of price, location, rent etc.....

@Brad KanouseYou've gotten some good info so far from Arthur and Dmitriy and I wanted to add in some other things to think about as well.1.Self-Directed IRA (SDIRA): This is what @Dmitriy Fomichenko mentioned, and he's right, it could be a self-directed IRA or a solo 401k.  

Thanks.I did see PassivePockets mentioned here but was not quite sure what it was about.