@Scott McGadden, It really doesn't provide an advantage to pay the mortgages off before selling. 

I also only sell investment deals in Memphis, TN and the best invesotors ask me where I buy and how I by them and who helps me along the way!

Keep in touch with them and one might be willing to sell off-market.

So the Developer has less into their lots than another development were the infrastructure is in the construction loan and is paid off when the lot sells.. so its a win for the developer if they can sell the homes for the same price as other developments that do not have this bond attached to each lot..

He is on the other end of his career now and I've been helping him sell properties as his agent.

The only way to do it is to do the work with the city to make all four units condos and then sell the off separately.

It also is helpful to have a California LLC in case you ever sell that property and move into another state so that you do not need to form a new LLC altogether with new operating agreement, just re-register in the new state as a new foreign LLC.

They spooked the bond markets causing a sell off in treasuries, that's why since September 15th the 10Y treasury yield has risen by 100bps.

Sell the property, buy 2 cash flowing properties that also appreciate.

That is a reason I would consider selling one, because the STR is in a market that is likely to have more appreciation.