Yes, you are paying interest on utilized cash but it's good to have dry powder when you're ready to pull the trigger on something. 

I currently live in a rental unit 10 mins away from work which costs about $1600 per month including utilities.

I did some back of the envelope calculations but you would be better off utilizing the calculator for the answer the are seeking!

I had permission from the seller after the 3rd delay to market the property (which I did with all the appropriate caveats), but as a result, I could only rent it for $1500 (plus utilities) even though I was renting by the door, and it should have easily gone for $1600 by the door even without furnishings. 

With this refi my payment will be about $1000/month with utilities.

A- All Utilities and Furniture Included – In this model of management, all utilities are placed in the owner’s name.

I am looking for buy and hold properties but also would like to utilize the BRRRR strategies to help raise capital quicker to eventually pour them over to rentals.Any response / help will be appreciated.Thank you!!!

It's important to note that while most liens are wiped out from a tax sale, there are some liens that survive. 1) IRS Liens2) Water and Utility LiensMost important is to understand any right of redemption period.

Hi BP, We just got a letter for one of our rental properties (it's quickly becoming a problem property for me,) and it is a "30 day notice of an intent to file a Municipal Lien" for an $8000.00 past due utility bill accumulated by the previous owner over a year before we purchased the property.   

I'm able to pay off the mortgage, utilities, and all other expenses each month and still have cash flow leftover ($200-$250).