My rental is about 2 hours and the last time their toilet clogged.

A prospective buyer used a toilet and left it running.

Can lease the land and just move the containers when leAse is up or purchase the land and move the containers and sell the land or even sell the containers if it doesn’t pan out...

Given that you'll be moving across the country, be VERY careful when screening prospects and only sign a lease if your background screening pans out and you have a good gut instinct on them. 

But if you roll your equity into your home, it's alternative cost will the your new mortgage %%.So, this way your $195Kwill be working with your new mortgage rate while it could be paid off by your tenants and get sold when market is very high again.Tenants usually complains about everyday problems: A/C doesn't work, toilet clogged, facet is not working.All these cracks etc - it's the owners problem and Tenants seldom worry about that.Bottom line: I'd use $195K in investment property if it gives you more return than new current mortgage rate.But you have to factor PM even if your wife does it for free.If the ROI is less than the rate - sell it and pay less in your mortgage.ps I think using leverage will get you to your goal quicker than paying off all mortgages....but each their own

You can outsource marketing (any agent will list it), accounting (any CPA) but without relationship with Tenants you'll have constant problems.Such companies exist - they take phone calls 24/7 and then transfer them to PM to coordinate contractors.If you don't care about your bottom line, you can hire such a company: they will call to the most expensive plumber co, electric co, etc - you pay the money, they fix the problem.Fixing toilet would take you 10 min plus driving, they will call the plumbing company which takes $200 just to diagnose the issue (im not kidding - I've had such thing).

My new tenant just asked me if I would allow him to pull out the old toilet install a new high-efficiency toilet.

We don't really have a check list that we follow, however these are the things we look for when we do complete an inspection:- Smoke and Carbon detectors are operational- No apparent leaks when running faucets and toilets.

Your tudor style four-unit on the quiet cul-de-sac isn't going to drink on the job, steal toilet paper and embezzle quarters from the washing machines...

If all pans out, it looks like you've got a very good deal on your hands (especially with the seller financing).