Lastly, make sure you get out the security deposit refund letter and appropriate check (or a bill) WITHIN THE ALLOTTED TIME as per your state L/T laws.

Some people set aside a certain % of the income from the property (typically 8-10% of the monthly income on the property) into a separate account so when those big ticket items come up, the cash is sitting there available to pay for those items..... that account balance is allotted just for CapEx expenses.....other just lump it into one account and keep big reserves available and all their expenses come out of the same accountCapEx should always be accounted for in your cash reserves....you will have those expenses sooner or later....some just partition it out rather that lump it

Hey thanks I'm really excited to learn more about this I got carried away on my first post i never noticed the whole section allotted to foreclosures and reos.

There are allot of folks like this. 

Because of how extensive this project is, I've allotted $30/sq ft, which comes out to just over $71,000 in renovation costs.  

Allot of them do nto buy right and when they leave or have to leave, they cant sell under typical circumstances because they will lose $ and they don't want to be a landlord. 

I agree with Andrew... 300 people sorta puts you at the whim of allot of variables that wouldn't be on your priority list of things to watch.

This comes out to roughly 4-5% of our gross rents (not including deductible costs) and still allows us to try to maintain the rest of the 15% assumption for CapEx/maintenance/Vacancy that we have allotted as a goal/assumption.We plan to keep a very, very close eye on this over the next half year and re-evaluate as it is a major cost item. 

I’m having trouble finding a good wholesaler because no one ever gets back to me or keeps me on their buyers list or maybe it’s too tough in the Bay Area allot of competition

That is not what that portion of the equation is supposed to be allotted for though.