Meanwhile you are stuck footing the bills... 

My total resulting expenses for that home including rent profit and bills are roughly $1200/month.

Quote from @Bill B.: I don’t know what was involved. 

Checking: collect all income here, then use it to pay bills.

The only monthly expense my business takes to run is my monthly cell phone bill for $27 per month. 

Quote from @Bill B.: It would be the markets with the worst appreciation or even depreciating values.

I got a renewal bill for insurance and it is a little over double the amount i paid last year.

Based on 27.5 yr straight line depreciation, that's about $1,700 of missed annual depreciation; $25,000 over 15 years - and at an ordinary tax rate of say 30% tax could amount to $7,500 off my current tax bill. 

So you pay for it with a credit card and when the bill comes you make the payment.

If this $30k was instead invested in a taxable brokerage account, you'd pay capital gains taxes on the $70k of growth and be left with a tax bill as high as $14k.