The payoff amount for the mortgage would be around $86,000 and the current monthly payment (Principal + Interest) is around $2300.My HELOC currently has no balance whatsoever, and has about a $230k credit limit with a 4.49% interest rate.If I were to take $86k from the HELOC to pay off the mortgage, I believe the monthly payment (interest only) would be around $436 per month.My current job is stable for the moment, and I do have some cash reserves.

You can lose your job, get high CC balances or say a lot of stupid things to the lender that will give them second thoughts to lend to you.

I just read an article about how NY is proposing a CANCELATION of rent.I also listened to a couple of podcasts from some of my favorite and most respected business idols claiming that we are on the verge of a major DEPRESSION...I too have my own theories about the totally wrecked balance sheets, the terrifying overleveraging as in relation to income, and P/E ratios that are out of control of many of the world's leading corporations...not to mention why so many of the world's leading CEO's just stepped down in the last 6 months (google it) Given those facts, we may just be on the verge of a depression. 

It all depends on what you are looking to achieve.

If this was originally a long term hold deal, then I say you've achieved what most strive for and now have a cash flowing property to help contribute to your financial freedom.On the other hand, if you have a clear second option that will allow you to either purchase an even better deal, or invest the money elsewhere for a guaranteed higher ROI, then you have the other obvious answer. 

You will spend a lot of time trying to figure out what is this "paradise" market where you have this perfect balance of cash flow, appreciation, and a great team to help you achieve it. 

I plan on moving in the next year or so and would like to just go ahead and pay the remaining balance I owe my parents via some sort of loan, especially now that interest rates are low.My main question:- what is the best way to pay off the balance to my parents?

@Cesar CruzPros: Ask for the mortgage balance sheet..Cons: This may take some time...

I am also considering studying and obtaining my Real Estate License and wanted to see if other's have found great foundational success from achieving their's or if it is a pursuit in the wrong direction of owning and managing my own multifamily portfolio.I am very interested in hearing what ways other's have found value in certain learning tools or practices.

Any feedback or advice is helpfulClosing cost is around $5k + 650(Appraisal) = $5,650.Current situation:Original loan:$176,000Unpaid principal balance:$174,243 So I have paid down: $1,757Interest rate: 4.87%Principal and interest= $931 a month.