Hi Zippy. As I always teach my students....the house is worth to you, what it is worth to you. We all have different strategies when it comes to investing in real estate. Cash flow, long term hold, short term hold, etc. By engaging a title company in the transaction you should receive a free and clear title at closing. Always use "OPM"...Other People's Money when able. If you qualify for financing, use it. You can leverage your available cash for multiple deals. Hope this helps....