Estimating Capital Expenditures

[Kevin Luttrell]

Hello,

I was wondering if some experienced investors out there could provide some quick tips/advice on estimating CapEx when analyzing potential deals. Obviously this is impossible to perfectly predict and I know it can vary significantly by area, property size, condition, etc, but do you have some general guidelines/principles you stick to when doing the up-front analysis? Like a percentage of the rent, or a range depending on the condition of the property?

Any insight would be greatly appreciated. Thanks!