You're cash-flow negative so you take a giant cut with the $50K, 360 small $200/month cuts, and a big (or a ton more small) renovation cut.The big...big...BIG things you're missing are the net present value of money as well as the compounding profits. 

By the way, none of these are (outside of the docks allowing it) insurmountable giant problems. 

Take care and have a great holiday! 

I found out today city hall was closed today and the recording said no inspections scheduled today due to the holiday.

Rent in Pennsylvania, for instance, is not considered late until after the 5th day, meaning that on the 6th of the month(barring any holidays or weekends) rent is late, and not before.

Even bank holidays will no longer be an obstacle. 

Happy Holidays!

So being a holiday weekend I will not be able to get anywhere until Tuesday.

I do know REI requires a lot of time put into it, and I've worked 95 hour work weeks before, but at least I'll have some say over the hours and I'll be off on holidays!

We have no other debt.My thought process is to pay off the rental property with the smallest mortgage as fast as possible with our extra cash flow, then use that rental income to pay off the next smallest mortgage of another rental prop, and finally when that property is paid off we want to use all the rental income to pay off our personal residence quicker so we can retire without this giant mortgage payment.