This whole problem started a long time ago, when you acquired this property, I hope you recognize that now.

I recognize the tax side is something I have very little knowledge and so I appreciate the suggestions.

Recognize your spending capacity, savings, and investment options.

A sale and owner carry will recognize all the tax. 

Even recognizing all the effort has been lost and you have to start over most people would call a win (I personally would not bother if I knew this outcome (if I had a crystal ball) as I place effort to build upon and not start over in 10 months). 

Not only would they know what was what, but they'd sure recognize a bad PM pretty soon.

@Jeff T. if your market recognizes new windows over jalousie windows then I would do it because at $5000 is not much to lose potential buyers over.  

Still, I believe it's always a good idea to surround oneself with people on a mission.

Airbnb and VRBO have recognized that their long term profitability, if not viability lies in large part with guests, hence in any dispute the host will lose7.

Journal entries would be very simple:Debit: "Restricted Cash - R&M Funds"      $5,000       <-----Moves funds into the restricted cash account.Credit: "Bank of America XYZ Operating Account"      $5,000     <-----Moves funds out of your operating account.When you are paying for items related to the restricted purpose, the journal entries would be:Debit: "Repairs & Maintenance Expense"     $750     <-----Recognize the expenseCredit: "Restricted Cash - R&M Funds"                       $750 <-----Draw down the restricted cash...at month end review the balance on the balance sheet.