Additionally, if you are leaving a home that is co-owned you may qualify for a second FHA loan.

It seems to me(and I am no expert) that just paying off the mortgage early would be something to strongly consider (option #3) and leave your LOC alone. 

@Jordan Moorhead -- Yes, the population loss is my biggest concern and the main reason why I wouldn't invest there (hence this thread). 

If a meeting venue is ever a concern, my wife and I would be happy to host a meetup at our home in Ballentine. 

I think at least raise the concern, and it will at least get the idea in their Head you know of the issues, $50k is no small amount, no matter the size of the deal.

Escalation clauses can sometimes leave a bad impression on a seller, and it boils down to how effectively the listing agent will communicate the offer.

I found a lender that has been great, she answers any and all questions and concerns, the application process was quick and easy.

If a tenant tears up a kitchen when leaving or you need a new roof, there goes 4-5 months rent. 

I want to get out of the rat race and the last few days of listening to my coworkers just stress about trying to get promoted for more money or worry about if they go home on leave will they have enough money and so on.

As far as the showings are concerned, stop asking and start telling.