So if your roof is getting to the end of it's life, you may be able to do that in 3-4 years and use the accumulated capex reserve to pay for that.

The problem is I don’t really know what we should be doing to take things to the next level.For those of you who work with financial advisors or have accumulated significant assets - any advice for someone trying to get started?

One day I got sued by the city for some grass, garbage accumulation etc for $10k. my LLC was named not me.

@Alec KirchhoeferThe partial exclusion that you're referring to was designed for a different scenario: selling the property too early, i.e. before one accumulated the necessary two years.

Over my short, but successful time as a real estate professional I have accumulated a dash board of websites that help make my job easier, whether its networking, running comps, looking for properties, tracking down investors or finding sellers.

In contrast, CapEx, maintenance, and vacancy should indeed be estimated using percentages of gross rents and should accumulate over time.

You have had enough success you accumulate $730k in cash, so my advice, while not knowing your full financial picture, would be to keep things simple.

Increase cash accumulation each month with $1500 extra savings.

When we live in one place for a while, it is easy to accumulate things.I'd keep the rental if it is bringing in money, but could you borrow some of the equity from that? 

What I more so want to do is accumulate assets over time and take advantage of debt pay down and equity build up so that I have that money coming in when the assets are paid off.