I'd put those in T-Bills, and continue to accrue & save up.

I also appreciate your intellectual curiosity and honesty in seeking to assess these issues deeper.You may not have seen an earlier forum post I made about appraisals: https://www.biggerpockets.com/...

Out of sheer curiosity...may I ask why?

More of a curiosity.  

@Steve Might,Because the property taxes were prepaid by him and you are reimbursing his cost, they are not accrued yet, you will expense that cost they will accrue during your ownership period.

I am closing on a HELOC for my investment property next week and they advertised "interest only payments" during the draw period but when I read the final contract that I will be signing it reads "minimum monthly payment will be the greater of $100 or the accrued finance charge, plus any fees and amounts past due." 

I didn't buy another until age 46, then I accrued 33 rentals and 135 storage units in five years.

Just keep your eye in the taxes.The one thing that scares me about New Jersey is when something is vacant it is a lot more expensive which is why I like long distance because when something is vacant in a cheaper area it isn’t as stressful for mortgage payments Hey just out of curiosity, which areas of the country do you like to invest?

@Shady ForbesIf you don’t buy it and foreclose and take the property you will have to pay for it then, so your better paying for it now vs letting it accrue all the interest

People CLICK on your ads out of curiosity (while reading a post about their sister's new CAT).