IF you can, however, you'd most likely be volunteering for double taxation (assuming the account consists entirely of pre-tax funds): you'd pay the loan back with after-tax funds (tax #1) and then when you withdraw in retirement, you'd pay taxes again (tax #2).

When my kids were 2 and 4, I refinanced the rental to a 15 year loan so it would be paid off before my oldest graduated high school.  

House has new AC, and new windows, with a fairly new roof.Numbers:Purchase price(after 4 counter offers) $54,000.00(with a 1 year home warranty, and $2,000.00 of seller paid closing costs).  

Becoming an agent has costs to operate Day 1 which includes: additional car insurance (required to drive people around), licensing fees, dues (state and national), fees to operate a Supra key, to be on MARIS (MLS), prepaid legal fees, etc.

So, if we were to sell it as-is we would lose about $15K on it, since the price we paid didn't reflect those additional problems.  

The house I live in is approximately $220K and paid off.  

I took out a $25k mortgage and sold 2 cars to get started.  7 figures of business later its definitely paid off.Regardless of who it has and has not worked for, this is a very personal decision with no wrong answer.Is your desire to create a life you want greater than your fear of losing that money and more? 

He is in his mid 30's and they will be paid off when he's 50 so these are his retirement plan.

Onsite manager wants to be paid monthly onto of not paying for lot rent (lives in his own 5th wheel) and utilities/cable.

If there was recent renovation on the property ask the owner if they paid all contractors and get copies of the lien waivers/paid invoices.