And that's after paying to replace the existing system with electric baseboard.

P.S. sometimes it's more stressful than fun, but the rewards can be enormous and are worth it.

Great problem for my existing portfolio, horrible problem for my chosen strategy.

Phoenix contains a rare combination of elements that have created an outstanding market for distressed property investments, including the following:Cost Savings: Distressed properties are sold below their market value and enable investors to take hold of properties at a trifle compared to traditionally listed properties.Strong Market Fundamentals: Being among the fastest-growing cities in the country, Phoenix ensures a high demand in housing and rentals, hence good potential for resale or income from rentals.Value Creation Opportunities: Most distressed properties need renovations; thus, such situations present opportunities for investors to increase equity by adding value.Population and Economic Growth: Phoenix remains among those cities in the country which are attracting more and more residents and business; therefore, this presents good, long-term appreciation possibilities of property appreciation and income creation.Challenges to ConsiderWhile the rewards can be great, distressed property investment is not without its challenges.

Acquiring pre-existing rental portfolios?

Do you happen to know if existing traditional IRA funds from outside of a business that I own can be transferred inside of a Solo 401K plan?

zero risk, there is absolutely zero risk when you pay off existing debt :)

Quote from @Theresa Harris: Eg (making up numbers) if a fridge lasts for 15 years, and they break a 10 year old fridge to the point it can't be repaired, you can only charge them 1/3 of the price of a new one as it had 5 years left.Technically, she should be charging for the remaining 5 years of the existing one, not a new one. 

➡️Manage existing portfolios.

This policy will provide additional coverage above what your existing policy covers.