Professional tax and accounting services are a part of doing business and should be seen as investments, not unnecessary expenses.

Just don't want to spend Un-necessary money on repairs that don't make sense.

If you are a heart surgeon making $300,000 a year and carrying no debt, then a reserve is probably unnecessary because you could probably replace a roof or two without even dipping into a reserve.It's not easy but you need to put pen to paper and figure out what kind of losses would be "worst case" and how much you would have to set aside to handle those situations.

It seems pretty unnecessary to me to do this, I would wonder what your goals are and reasons are for doing that.

They are two entirely unrelated things.And finally, it is clear to me that you just wasted 2 hours of your own life reading an entire court case just to prove your overinflated and super unnecessary opinion of my comment.

It's totally unnecessary and a waste of time.

I think gradual increases, with the occasional tenant moving out at each increase will prevent unnecessary vacancies and allow you to upgrade/turnover the units at a more financially manageable rate for you/a new investor.Legally, I can't say if it is wrong in your state. 

@Jared Pinkus unless you have a big enough apartment complex that it would make sense to consider it as a whole community with its own dedicated site, that seems like an unnecessary amount of work and cost to create vs just using one of the many free or paid platforms that already have all of that and more built in. 

I would also cut out many of the unnecessary expenses like going out to eat/drink, major vacations, etc.

I would recommend using them to anyone that hates paying unnecessary fees!!