We have 17 properties each in the $200K-400K range, and even a 1% allocation for Capex is too much.

The parking spots were allocated by the previous owner as follows:Unit 1 - parks on the street and has stated to us that she doesn't like the parking situation.Units 2 and 3 have a parking spot in the driveway.Unit 4 moved in on March 1, and his lease notes parking is on the street.

However, the sub-trustee did not record the purchase in other county and also failed to accurately allocated the recording fees between the two counties.

In the same vein, is there a point where you stop building a property's reserves and start allocating those monthly funds elsewhere? 

It will also require transaction costs to pull it back out of the investment.There is a risk/reward tradeoff for this and it really is an asset allocation question for a competent advisor that knows your whole situation.

Rich,Could you provide a basic example of your asset allocation and estate planning tactics?

I have allocated $500,000 to real estate.

Just select a reasonable method for allocating these costs among the properties such as Gross Rent or any other logical metric.

Think of it: interest rates are on historical lows and many investors are afraid of stocks, so they have to allocate their excess cash.

What's changed for us in Medium fire is upping and re-allocating our giving.