What would be a good method to determine what a properties expected capex expenditures would be when analyzing properties for consideration?

I initially wanted to jump into rentals right off the bat, but I don't have the capital to deal with any capital expenditures.

Or the other way to look at it, if you could get the sale price down to $120,000-$150,000 on the 5 units.Also, if you are going to buy and hold them you need to estimate future capital expenditures.  

@German Hernandez - CapEx = capital expenditures - expenses for things like appliances, roofs, driveways, etc.. stuff that has to be replaced every so often.Most people (maybe all) here are not going to be on board with the high-down-payment, low-loan-balance approach.

Typically capital expenditures are $2.5K+Hopefully my response invites more professional advice!

I purchase vacant properties in Philly and do significant rehabs on the front end and while my repair costs are typically less than $50 per month/per unit, I still allocate for future capital expenditures, which brings the number higher.  

You do also have to accurately forecast your expenses and capital expenditures because that too will impact your total rental income.

@Austin NelsonVerify the numbers as much as possible (verify taxes, electric, gas, water/sewer, insurance, etc) and don't forget to allow for property management, maintenance, and capital expenditures.

Given that the PM needs to deposit rent checks and also write checks for Property expenditures, do I need to set up another checking account with my bank, and provide the PM with access to this to adequately run the business?

Given that the PM needs to deposit rent checks and also write checks for Property expenditures, do I need to set up another checking account with my bank, and provide the PM with access to this to adequately run the business?