I am not sure if I can put zero for capital expenditures, since it is new construction. 

For instance if I’m looking at potential capital expenditures over the next 5 years and the range of the cost is between $25k and $75k, I would use $75k in my projections.

View cash flow as necessary to cover expenditures and meet debt coverage ratios in order to obtain favorable financing, do not view cash flow as a vehicle to cover future down payments. 

Or are you going to go the safer route for minimal time expenditure like buying a multiplex and renting out 2 out of 3 units?

When you say you want to prioritize cash flow over equity, you want to watch out for people honing in on that and selling you "good cash flow" deals which will be in D neighborhoods and will come with high capital expenditures and harder tenancies.

You’ve developed a moderately fast wealth accumulation strategy that’s relatively low risk, enabling you to ride out down cycles, negative cash flows, unexpected necessary expenditures, etc.  

The BEST method for real estate investing is very simple: increase earnings, reduce expenditures, save, and invest from your own funds.You should focus on increasing earnings and learning how to manage your budget.

So, the borrower would probably need to begin with the expenditure of a $10,000 retainer for counsel, followed by another $10,000 after initial depositions .

The deferral is all on major capital expenditures, roofs, HVAC, Water heaters. 

Rank them from worst to best in capital expenditures expected*optional, not always necessaryAdd those numbers together for each property.