Be aware of who you interview as your accountant.

- then get with an accountant and discuss whether it makes sense to convert your LLC to an S-corp.

Your prior question was shold I use my W2 income to pay down (aka you mean what you have saved in your checking account?).

And the net cash proceeds are what go into your 1031 account.  

Rufo  Also consider the fact that when you switch from STR to LTR or the other way around, you will need your CPA/tax professional to do the IRS' 3115 change of accounting form to go from 39-year depreciation for STR to 27.5-year depreciation for a LTR.

I would discuss this with your accountant.

And it's convenient for life if you use your personal bank account, you can still have one app for rentals and paying friends.-  Con's:  Nothing about the software per say, but about the landlord experience. 

The 25K would go towards a rate buy down.As far as accounting for cap ex and maintenance for newly replaced/updated items, I'd still recommend doing it.

If entities are disregarded, you can keep up with more than 1 in a single QBO account using the location/business feature to keep track of them separately.

Since the account is linked to your mortgage, overspending can increase mortgage balances instead of paying them down.