Update: just talked with my agent and I learned the seller has over 10mil in assets and will put in the contract that they will pay off their mortgage with cash if for whatever reason, the property is about to foreclose- there's also no due-on-sale clause on their mortgage - I will get an attorney to look over the contract

I know that you are trying to save money by not buying a dud program off the bat and I get it, but sometimes in business there are risk.

I’m thinking about selling one of my debt free rentals to pay off the loan of the new house – thus erasing the $3500/month loan payment.

Hey Jonathan,First off, let me just say, you and your brothers are doing something incredible at such a young age!

Do you deal with wholesalers or work off what is available on the market?

Typically, tenants will pay all utilities on long term rentals, so that comes off your plate.

The repair bill was about $225 which I forwarded to the management company and said I will deduct it off my rent.

I am aware that if the property gets sold at higher amount than the upset price, the surplus amount is used to pay off any junior liens and the left over goes to the owner.Will the surplus amount be used to pay off property tax liens and HOA liens? 

Sometimes better to head off trouble at the pass.....

If one of your tenants gets bit by a dog, falls off a ladder, etc. and they have a bunch of medical bills they can't afford, they almost have no choice but to sue whoever they can to get the money.