Factoring in Repair Costs when Analyzing Multifamily Deals

[Ike Ekeh]

Hello Everyone-

I am a new multifamily property investor and I am currently analyzing listings in the Tucson, AZ & San Diego, CA area with the hopes of closing on my first property in Q1 of 2018. I'd appreciate advice from the BP Multifamily investor world on how to make accurate and conservative estimates on how much $$ I should expect to allocate towards capex/repairs. 

If you have some rules of thumb and general guidance to go by, that would help!

Thank you!