Evaluating cap x on a multifamily deal

[Account Closed]

Hi fellow members,

I hope everyone is healthy, and doing well. 

I was wondering if anyone can help me understand at which point I should factor in the Capital Expenditures when evaluating a multifamily deal? I am understanding that these numbers are not part of the Net Operating Income as they are not considered routine yearly expenses. If this is correct then I would like to understand when exactly is the time to factor these costs into my budget? 

Thanks in advance!