Both sides generally pay a $300-500 settlement fee.  

Lock in long term debt and if your market has appreciation you will not regret it. 1031 exchanges are one of the best way to bank profits and defer taxes

With your situation I would invest my money as follows: 1) IRA 2) save for your next property 3) pay down debt.

If not, ask if there is some payment incentive that would encourage tenant to sign early termination and be out by settlement, then negotiate who would pay it, you or the seller.  

There are specific CTL lenders out there who specialize in it.Cap rates on single free standing have compressed so much that buyers are using local banks and using short term debt to eek out cash flow with personal guarantees.Regular CMBS lenders that are non-bank see a lot of risk.Buying a single NNN building for a 5 cap versus an 8 cap 3 to 4 years ago doesn't make sense because I can get a strip center today at an 8 cap and diversify my risk among many businesses instead of one.The rent per sq ft and cost per sq ft is lower and you tend to get more valuable dirt with 2% rental increases for strip centers.  

Since you have currently performed on your debt, they should understand that you are relatively low risk and that they should want to help you succeed in the long term as well.

Regarding to financial, if you can still obtain conventional mortgage with your current debt ratio and income, I don't see why not. 

That means` clearing the mortgage, usually not an issue at settlement. 

This would be done on the settlement statement.

Due to a higher rate of divorce, increased single parenthood, the over-all delay of marriage, slow wage growth, high debt to income ratios, more stringent mortgage qualification, higher home prices, and a more mobile society investors will continue to see a strong rental market.