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I had a look at the manufacturers webpage.
It seems like a capable router. It runs Linux and I am a Linux zealot (Slackware since 1990’s) but.....

I’m not trying to rain on your parade or call your baby ugly but that product is a poor fit for my LAN and my requirements.

If that is what suits you I fully support your decision!
We each tolerate different compromises, it’s a feature! :-)

According to a positive Amazon review it runs a ‘modified’ version of OpenWRT (a popular 3rd party firmware). See below for one of the ‘modifications’. I did not find it listed as DD-WRT friendly, my personal bias LOL.

The following observations are FYI just in case you intended otherwise.

The Techspecs page
https://evenroute.com/iqrv3#techspecs
says the following.
“1 USB 2.0 Port (local storage only, no print or file-sharing)”
That ‘appears to me’ to NOT HAVE one of the features you seek.
Apparently the USB is only for the use of the LinuxOS that runs the router.<<—I’m guessing

One of the reasons I went with refurb routers was to get USB 3.0 for fast file sharing under US$100.

It also states 300+867 for 2.4/5GHz WiFi speed. If your device is only 2.4GHz WiFi it will be the same speed as your old 300+0 router. Many 2.4 devices ALSO do not go over 300Mbps just pointing it out. It may be a moot point. It seems odd that I had to go to the manufacturers page to find that detail as it is not on the Amazon listing.

Of the 5(total) reviews on Amazon the one negative review objects to the EULA and they did NOT agree to let the manufacturer collect detailed information on the local network devices or the traffic on the LAN.
https://www.amazon.com/gp/customer-reviews/R2QWZ12X46S3IG/ref=cm_cr_arp_d_viewpnt?ie=UTF8&ASIN=B07Y8TQ5C6#R2QWZ12X46S3IG

I would never agree to allowing(inviting) the manufacturer to exfiltrate details from my LAN. (so they can $ELLf-optimize me)

“including but not limited to information about your computer and/or mobile device, operating system, peripherals, applications, connected devices, network traffic, and data use”

One reason I use a seperate modem and router is so I can sniff the traffic between the 2 and see what is exiting my LAN. I rarely do it but I did it often when I was a new DD-WRT user. I do not even have anything sensitive in my computers either it just interests me. I never even allow software to ‘look’ for newer versions when possible and would never consider automated upgrading. Thanks to micro$haft for that education! I even give my ‘smart’ TV incorrect WiFi credentials to keep it off of my network. I just use it for a monitor not a TV. Some folks are the exact opposite.

I repeat,
If that is what suits you I fully support your decision!
We each tolerate different compromises, it’s a feature! :-)

P.S.
You mentioned a MoBo SNAFU. Is the CPU fan spinning at power on? What happens if you turn it on with no RAM installed? no CPU? no monitor? subdivide and conquor :-)

Good morning. That's a lot of information, and I appreciate all of it.

My old router would only give me 145. The tech specs say 300+, but at the end of the day 145 was its max. I tried manually setting it to 300, but it gave me a message saying something about it would not be able to achieve that. I can't remember its exact wording.

I didn't see that item about the USB. There's also a SD slot but it doesn't mention what it's for. And I certainly didn't see the review about the EULA. I certainly won't allow that and if there's no way around I may end up returning it as well, darn it all.

I didn't mention before but I also purchased the Netgear WNDR4500-100PAS N900 router as a backup. If things don't work out with the IQrouter I can still use that one as I am familiar with Netgear products. Plus it has two USB ports, not just one, and that was a big reason why I was looking it for purchase.

I also utilize a separate modem and router configuration. I prefer separate units for much the same reason as you, plus I'm old school and I don't like combo units like that. If one goes down, I don't want to have to replace both just because they're combined.

As for what happened with my motherboard, I bought the wrong type of memory. The m/b gets power, the cpu and power fans come on, but it gives me five long beeps, turns off, turns back on and does the same thing over and over. Even without the memory it does the same thing. When I did a bit more research I discovered the memory that I purchased was "server" memory, not desktop memory. The biggest clue was the memory wasn't non-ECC. When I visited the Crucial and Kingston websites, I discovered my error. Now I got $80 worth of memory I can't use, and I had to spend more money to get what I needed.

Again, I appreciate all your advise. I will certainly put it to good use.