You would allocate a CAPEX % monthly in your operating expenses.

if I purchase several replacement properties under the 1031 how is the cost basis allocated among these several properties ?   

I'm curious how others model their total portfolio's when using Real Estate, and how they come to their conclusions about allocations and diversification. 

Probably doesn’t mean you should allocate 0.004% for repairs, but the HOA takes care of everything outside the studs. 

The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn.

I would not expect my tenants to put in a days work and only receive 90% of their pay.Every dollar I receive is money that will be contributed to the allocation of resources for my buildings. 

Always allocate for this as you will need it eventually/ Who is doing the taxes at the end of the year? 

Each of those years, ~ 35% of income is allocated towards funding the Reserve Fund. 

To be safe, I don't allocate more than 1% of my portfolio to any REIT.

It is clear that we may have issues with allocations to 5-7 year assets but I think this is one area we are safe.