They, collectively, seem more healthy balance sheet wise than 10 years ago.

The one caveat is that you have to pay 1% of the balance every month but its really just a technicality because you couldn't draw the money right back out the next day if you need to.

I'm driving myself crazy going back and forth on choices and could definitely use some insight from folks with more knowledge and experience.Here are the numbers:2012 Purchase Price: $106,7502016 appraisal: $265,00030 year mortgage, $94,627 @ 3.75% (PITI $785.80/month of which $84.50 is PMI that will be gone in May)Remaining mortgage balance: $78,600Rent: $1250/monthI'd be supremely grateful for any thoughts anyone could offer, and I'm looking forward to the discussion!

Offer of lease to own post renovation, for renovated (3100 sq ft) single family with basement area plus (3) building lots on corner lot; monthly payments for 7 years: Year 1: $2100 x 12 = $25,200Year 2: $2200 x 12 = $26,400Year 3: $2300 x 12 = $27,600Year 4: $2400 x 12 = $28,800Year 5: $2400 x 12 = $28.800Year 6: $2400 x 12 = $28,800Year 7: $2400 x 12 = $28,800TOTAL:                     $194,400  (7 year projected monthly payment total)After 84 payments; refinance balance due: $164,000; potential sale: $358,000Lease to own family pays the above; their plan is to save $10k per year to give an additional $70k at 84th payment to lower the refinance of the house from $164K to $94K. 3.

Not super strong on corporate accounting features (balance sheet, accrual, AP), which I don't need anyways. 

@Ryan Keenan Yes, 401Ks can qualify as reserves, but lenders will only use around 70% to 80% of the remaining balance (after you take out the loan) to account for taxes and early withdrawal fees if you need to liquidate in a financial emergency. 

Let's hope this is going to become a trend, because higher wages across all income brackets will not only provide fuel for the builders, but also reset the rent to income ratios, cause some healthy inflation and errode mortgage balances (on my rental properties) and after all national debt.

What is the cheapest way or site to find mortgage balances?

Proceeds from the trustee sale will go to payoff the 2nd and if there is any remaining the balance will go to the now former property owner. 

Since it unlikely you'll incur expenses across different properties all at once you can keep a balance and either pull money or the table or build it back up.