This can result in a significant increase in property taxes, especially if the property has appreciated in value over the years.The ATI exemption allows property owners to apply for a reduction in the assessed value of their property for tax purposes.

That said, the appreciation has been very high over the years. 

Quote from @Josh Jung: Thinking of switching over to beagle - ran into them at a NARPM conference in DC last week. seemed pretty good Let me know how Beagle goes.

What would lead you to believe that a 50% premium could be charged over normal long term rental rates, just for a furnished property?

What are your concerns?

I'd sell #1, even if you have to take a loss on your equity.The market does go up over time, but most markets seem to be stagnant right now, so when does that change?   

@Matt Smith I think this narrative is way over blown.  

They push their offer without listening to the seller’s story, concerns, or goals.

I have created a lot of loss in my taxes over the last few years and now want to get a mortgage for a new primary home.

My suggestion would be to cap your utilities at a certain amount and have Tenants pay anything over that amount.That will help you manage your expenses, and also allow Tenants to gage their usage each month, and make adjustments if they don't want to go over the allotted amount.As far as collection, provide the bill showing any overages and just have them pay for it along with their rent.