In other words, the excess income could exceed all your expenses including depreciation thus causing a taxable event.

I invest in West Volusia County, DeLand area, and while Volusia is a coastal county, I do not find the insurance premium w/ hurricane coverage to be excessive. 

By caulking the base, WHEN there is a wax ring leak, the moisture will sit on your subfloor, which is exactly what rots them to begin with.

(My opinion)Also, if you only do one deal every 3 months and you have already taken $18k of profit from that deal, the rest should be going to the cash investors unless the total profit on that one deal was in excess of $36k.

From a 'pure math' standpoint, if you can invest that excess cash flow at a higher return than your mortgage interest, then it makes more sense to reinvest it than to pay off the mortgages.We don't really live by pure math, though.

The 1st position line basically allows you to park all that lazy money and excess/disposable income into the line(principal pay down) to reduce it quickly and lower interest while maintaining your ability to access the line (liquidity).

California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

We had a full inspection done & we got money off the purchase price so its all relevant but at what point is excessive 

Keep what you have and put your excess capital to better use.

My question is, should I just pay off one or both mortgages with excess money I have in the bank (IRA’s, stocks etc).