Reasonable percents for repairs, vacancy, and cap-ex

[Hemang S.]

Hi BP community, this is my first post!

I am looking for a 4 unit multi-family and have identified some candidates. I want to know if using 7% (of gross rental income) for repairs, 7% for cap-ex, and 7% for vacancy is reasonable, or too high, or too low when running the numbers. I've talked to several small multi-family owners and none of them account for this much of an expense, but I've seen Brandon on BP videos do it all the time. In your experience, what are reasonable percentages to use (the property is a decent condition 100+ year old building)? If there any any strategies for figuring this out for a specific properties, I am all ears! Thanks!