Properties here are usually 100 years old which require a lot of analyzing for capital expenditures and improvement strategies.

Management decisions that count as active participation include approving new tenants, deciding on rental terms, approving expenditures, and similar decisions.I'm just still unsure about whether all co-owners in my example qualify.

By artificially propping them up, it slows down every other facet of every other consumer expenditure; the ripple effect of huge mortgages and high rents is an overall impoverished economy.  

They're probably start up expenditures. 

Hope you guys are great.Few weeks ago saw on the internet, might be youtube than the reserve account for capital expenditures in a multifamily property are handed to the new owner after selling.

These are still expenditures related to a specific property....these are not “business start up or expansion” expenses.

With the repairs you listed you could easily have expenditures that equal 1-3 years of net rental income. 

Utility bills, capital expenditures, maintenance receipts, etc. 

As for the expenses, this estimated number accounts for repairs/maintenance, vacancy, property management, cap expenditures, home insurance, taxes, mortgage insurance, and water.

My issue is that a good landlord will typically set aside an amount of rent toward capital expenditures such as the eventual new roof, carpets, painting, etc.