But if we do, our current renters will be out and we will have to find new renters.That doesn't necessarily mean we are cut out for this business, but we've done pretty well over the past 10 years of rental ownership. 

They may be up for it.... since this deal is already past the deadline you may end up having a dead deal and the seller walking away with your deposit.

I have a property in mind, which I have researched in person while on vacation for the past 2 years. 

@Sean OToole I truly appreciate you taking the time out to reply to me, I was a bit down when I didn't see anyone replying and I was checking the post like every 15 mins for about 2 hours and a half.

I've purchase 3 rental homes in the past year or so, and I've missed out on 3 during the process.

I have regularly worked 60-80 hour weeks for the past 4 years.

How many successful real estate closings have you done each year for the past 2-4 years?

So from my knowledge, and past experience, a bank will not be an option?

That is especially true with the tax law change that went into effect this year; the standard deduction nearly doubled, so the taxes you save by itemizing might be much less than they were in the past (in other words, because you are getting a larger benefit through the larger standard deduction the "cost" of not having the mortgage interest deduction might be less).I can see an argument for there being better uses for your money than to pay off a mortgage with a 5.5% interest rate (if you can make an investment that pays at least 6% for example), but if your quality of life will improve because you paid off your debt and are now "financially independent" then that is what you should do.

I am located in SW Washington, state, about 30 min from Portland, OR.