I will collect $21,000 so I believe I need to earmark funds for taxes in April each year right? 

I will collect $21,000 so I believe I need to earmark funds for taxes in April each year right?

Any good rules or thumb or recommendations from buy and hold investors on how many months reserves they like to leave per unit earmarked? 

. $1500 straight to the pest control guy for fumigation, $4-5k earmarked for a driveway and patio pour direct to vendor, and a contractor to do kitchen cabinets and counters, appliance hookups, vanities, 5 panels of wood fence, interior pre hung doors, a bit of termite repair, and a few other things.

Would it be appropriate to make use of them now and earmark them for real estate funds?

The property sits on several acres.I have read of scenarios where you can claim a percentage of the property as your primary residence to reap the benefit of the 121 exclusion ($500K Exemption), and the other percentage as investment property to earmark for 1031 exchange.

If you find you have an etra $1000 a month, you can ear mark $500 or so to be applied every month to your loan balances (which accelerates the pay-offs - which it reflects in the projections).

I am down to one property with them, and it is earmarked to be paid down first from my other loans.

That cash will earmark to purchase a home next year.I will 1031 exchange the building.

If you're not sure if you're ready then you can earmark $1-1.5k for marketing and get your hands dirty.