For LLCs taxed as partnerships and S Corps, the capital gains and losses maintain their character as capital gains and losses and flow through to the owners on their K-1s. 

I understand there is some maintainence, ie the occasional dose of.      

He maintained the property very well, no immediate renovation issues were seen other than dated kitchens and flooring.

Excellent reminder for all, thank you.I have a contract with a fire protection company to test and maintain detectors, as well as maintain/recharge/replace fire extinguishers.  

A properly installed and maintained system will last a long time.

They saved a lot of money because they did not maintain things or manage anything.

I'm fine with them, as long as they've been well maintained.

<--I have a very good wholesaler.If I was in your position and you have a great situation where your property is self managed and with minimum to no tenant headaches, I would maintain the property and look to get a 1) line of credit - my preferred COA or 2) refinance, to use the capital to acquire a property.

Some drill but some maintain existing wells but send you to someone else for drilling.

I must admit Happy hour is getting earlier these days & we're usually on FaceTime with the rest of our older empty nest family members as we have the time to catch up.Stay safe & maintain your sanity :)