But yeah, turn off one of the meters and check it out......Right so you do agree $220 a month for a electric for a small apartment seams a bit excessive  

@Terri-Leigh Huleis I am based on cape coral, I would hold and try to go BRRRR route... my reasons are:- aligned with the goal you are pursuing: scale ( if I understood correctly)- Cape Coral area is at risk of price drop https://www.redfin.com/news/metros-recession-risk-housing-downturn-2022/Even though there are different opinions here, from the risk mitigation stand point you will reduce the possibility to have a price drop during the selling process- Cape Coral are will show appreciation in the mid term since migration patterns still show good trend https://www.redfin.com/news/q2-2022-housing-migration-trends/- by getting refinance money you can payback heloc and if there is a price drop you will have a property secure on your chance to loose is less , and if not you can continue - w2 will help you to get better rates possible and as you mention you can put money in if necessary Hope ot help

We are in a time crunch as 1031 property identify period is ending and we are loosing our current lease we live in.We sold a problem property and would see about 120k profit, so because sales tax would be significant we are doing 1031 exchange and putting the proceeds into this property then adding cash and buying it under LLC.

This can of course include cost segregation and bonus depreciation etc.. and if we assume it is not cash flowing, long term (a few years) the property would have to generate at least a good amount of equity, because we still want it to be a good investment in the long run, not just loosing money for loosing money sake and with the short term goal to provide tax shelter.

I gave them a list of things to clean and do which offended them and they ended up loosing the whole deposit since they chose to do nothing.  

Purchase price: $95,000 Cash invested: $60,000 Purchased this 3/1 at the beginning of COVID when there was excessive supply and not many buyers.

This seems excessive to me. 1-2 inspections a year.

In fact, the only reason I wanted the license was to remove the typical 6 percent you have to pay when selling a home (but because I am planning on never selling my rentals, unless it seems like the ideal situation, I’m starting to loose interest in obtaining my license).

Joseph,Assuming your investment location is near Baton Rouge, LA, and the limited number of carriers wanting to write coverage in Southern Louisiana, you need to find an strong independent agency with access to many different carriers (especially those with access to multiple excess & surplus lines carriers). 

It's common practice for flooring contractors to leave excess material with the homeowner for this exact reason.