Quote from @Bill Hampton: @Nicholas DillonI wouldn't pay off any of the houses.

Quote from @Bill Hampton: @Tar-U-Way BrightGoogle Padsplit and Better Business Bureau or Padsplit reviews and see for yourself. 

Doesn't seem like the FED has much control this time around considering the 10Y T bill (and 5Y) continues to march higher even with the FED fund rate dropping.

Hello @Michael Dallas,To verify the seller’s information, ensure you request these essential documents:Rent Roll (to confirm rental income and occupancy)Lease Agreements (to review tenant terms)Financial Statements (past 1-2 years, including income and expenses)Property Tax StatementsUtility Bills (if applicable)Maintenance Records and recent CAPEX reportsInsurance Policy DetailsInspection Reports (any recent or previous reports)These will help you confirm the property’s income, expenses, and condition.

Here's a link to the bill: https://beachrentals.penfedrealty.com/sites/default/files/ar...  

You will still have an electric bill even if tenants pay their own unit.

If $23k is just a “hope and a prayer” then he’s going to have a very hard time producing any CREDIBLE itemized bill.  

Property owners get an annual update on their SEV & Taxable Values with their city property tax bill, typically sent in December.So now, the city assessor tracks the SEV, but homeowners are taxed based upon the capped Taxable Value.

You need to know What Exactly this $20k bill is for, then work backward from there.

Remember, a bad investment can cost you way more than the tax bill you're trying to avoid.