We help our clients with these strategies on a daily basis and they usually wipe out significant w2 tax liability. 

When it is referred to as a super lien state, just means that the HOA is not entirely wiped out if the property is foreclosed on by the first lien mortgage. 

And that's because one loss on a bad deal can wipe out all my gains on many good deals.

Take one of the vanes to Home Depot, Lowes, Menards or a similar store in your area and they will help you match it.Clean vanes easily with Clorox Wipes.

But, remember your potential repair costs can wipe out your rental income if you are making just $200 a month.   

One or two major repairs and the equity gain could be wiped out for years to come.

Secondly, depending on the interest rate you get for the new loan - a highly leveraged property may not cash flow or cash flow well - so one missed month of rent due to vacancy or a major expense comes up - that wipes out your cash flow for the entire year (or more!). 

It would also essentially wipe out $400/month rental income and you'd lose the additional benefits like potential appreciate, tax advantages, etc.If you planned to buy another rental, that would be a different conversation because there might be upside there.

I'm sure you can learn all about best strategies, tricks, tips, etc, but I'd suggest focusing on the baby steps right in front of you.

We have an on demand electric on one place it was good but we had to upgrade the electric to do it so that would wipe out any savings for you.