@Wayne Brooks  and or for tax reasons.but I would wonder is it not financially feasible or just not something this guy wants to do.if it has market value buy it and resell it.. if its in an area like many markets were bare lots have zero or negative value since existing inventory can be bought for less than replacement cost then.. its a tough one if they are adding value to the price of the home.out our way extra lots are GOLD and highly sought after.

Here are the details:9 Units in Apartment (5 2bed, 4 1 bed)1- 2 bed house on property - it is a strange house. 

I would love to discuss your strategy in more details and discuss risk/reward of the different options as far as acquiring property. 

I understand your concerns and I see your point but if a man is making say ,double payments at that low interest rate, he is not doing himself a favor by putting his money to good use when that extra mortgage cost can be used toward the purchase of more properties which will Ultimately bring in more cash flow and will allow you to snowball quicker which, at your age is something you would need to do .

PM me for details.

Do you have any structural details?

I have lived in Thailand, China, and South Korea, traveled to 36 countries and can cook authentic Thai food (extra spicy).

These missing details can have a big impact on analysis.

And to not get burned when investing with an emphasis on appreciation, you need to understand your market down to a gnats-*** level of detail and watch it like a hawk. 

@Eric Schrader It's hard to talk about the deal without knowing the deal details.