If the homeowner doesn’t comply within a specified time frame, the city may step in to demolish the unsafe structure and bill the owner for the costs.

Currently I have little to no money to invest on my own (it all goes to bills and groceries!)

Quote from @Bill B.: Where does the other $300k come from?

Uncertainty in Case of Disputes: Without the backing of a banking license, resolving disputes or seeking recourse for unauthorized transactions or errors may be more complicated.

I've seen a lot of people advocate not telling the bank and just keep paying the bill.

Since electricity and water is included in our rent, we also have a clause stating that if the monthly bill doubles compared to the month-comparable bill from the prior year, then the excess will be assessed as a fee.

I’m a high-income earner and just received a substantial tax bill, so I want to make sure I’m getting everything right from the start.To give some context, I currently own one rental property where my dad resides.

They use the ownership records to create tax bills.

Quote from @Bill B.: Sell tax free and use the money as a downpayment towards a nice home/househack/investment property.

That said you certainly need to manage your cash well in order to cover the bills in the down season.