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.

@Tyler BurrisWelcome to the community and be ready for a huge amount of information at your finger tips.

Welcome to the community and be ready for a huge amount of information at your finger tips.

@Ray GregoryWelcome to the community and be ready for a huge amount of information at your finger tips.

Thank in advance, all advice and tips are welcome.

It'll take you a while to replace your $60k income...Assuming that you make 2.5% per deal and pay your Broker 1/2, you'd need to buy/sell $5,000,000 worth of properties per year to equal your current salary.

I’d love to hear from those with more experience to see if my observations align with yours and if there are tips for managing costs or maximizing the benefits of mid-term rentals. 

It's got a bunch of tips and checklists on how to get an MTR up and running. 

@Nold R.In addition to the great post from Dave, possibly consider an option where the property is taken out of the LLC sooner rather than later and held as tenants-in-common prior to the sale, possibly setting you up in a position to take your share of the proceeds and individually purchase a replacement property via 1031 exchange. 

I have had a lot worse and never been forced to replace it to get insurance.