Question on Savings Assumption of CapEX for a condo

[Aaron Murphy]

Hey everyone. I am looking at purchasing some condos to operate as 1BR rentals and am working through some models to see how they would cash flow.

When working on my CAPex assumptions I had the thought that perhaps the expected maintenance may be lower because the Condo Association handles the exterior maintenance for the property.

the idea that the CAPex calculation should be different for condos vs SFR's incorrect? If not what is a good rule of thumb to use for calculating it.