Multi-Unit Repair Costs

[Tj Hines]

Let's say if I have a 100 unit multi-family building and I'm partnering with 4 or 5 investors who is helping fund the deal. When it comes to repairs that need to be done to the building, is the money to make the repairs coming out of the cash flow that me and my partners are receiving each month?

Also how do let my investors know after they already have been promised a certain percentage of cash flow every month that repairs need to be made to the building whether it be minor or major? 

Is there some upfront agreement that needs to be made disclosing to the investor partners how repairs will be paid for ?

Thanks for your consideration.