What he paid in 13 yrs ago is irrelevant.

I am making extra payments currently and intend on having it paid off in less than half of the 30 yrs.  

One I can renovate and sell after 2 yrs, but I'd rather build my own if at all possible.  

With that appraisal you should be able to draw about 78-79k after closing costs and P&I payment of about 593/mo based on 104k for 25 yrs at 4.75%.

Rents for 2 bed/1 bath .... maybe $300-400 monthUncle passed a way in Chicago 2 yrs ago.

To me, some of the same concepts as mentioned in option one also apply here.3) sell in 2 yrs: to me this is the most favorable of the 4 options. 

These are borrowers who without the Tax Free Appreciation and Tax Write Off Savings of buying a home, won't have a "Pot to P_ _ s In" after this run up in values over the next 7 to 10 yrs!...."

This information is direct from the MLS.25 unitsZoning: C- 2Adjusted Gross Inc:$133,912Other Income:$25,400Operating Exp:$59,547.78Net Operating Income:$79,870Owner Association:No% Vacancy Allowance:0.05Annual Elec Exp:$1Annual Gas Exp:$1Annual Ins Exp:$1Annual Land Lse Exp:$1Annual Landscape Exp:$1Annual Legal & Acctg:$1Annual Maint Exp:$1Annual Mgmt Exp:$1Annual Other Expense:$54,170Annual Ownr Asoc Fee:$1Annual PAD Fee:$1Annual Rplcmnt Rsrvs:$1Annual Trash Exp:$1Annual Wtr/Swr Exp:$1Tax Year: 2016Taxes: $5,364.78Ownership: Fee SimpleRange: 2ESection: 8Equity: $875,000 (free and clear)Monthly Payments: 1Assessment Bal Yrs: 0Assessment Balance: $0Cap Rate: 9.13Down Payment: $1Down Payment %: 1New Financing: Seller May CarryReports/Disclosures: NoneValue is $849,777, NOI $79,870 Cap rate 9.13.

I,m seeking a private money lender to help a family purchase a mobile home (Land own) $70K at 7% rate 100% financing + closing cost added @ 10 yrs with  a 5 Year balloon.

I only have 1.5 yrs left here in the Belleville area and then I'll head on to wherever the Air Force sends me next.