Lastly, your PM should be providing you with a yearly budget which properly accounts for future repair contingencies and capital expenditures, per his/her recommendation.

Those still out there are looking for good deals.The Federal and State expenditures to combat this virus is going to be extensive. 

1) New company has not done anything yet and has no assets no bank account, no transactions. 2) Has assets but no transactions other than the purchase of a property. 3) Has assets, a property was purchased, the only expenditures were capital improvements, no expenses.

It sounds like that kind of expenditure may be beyond your reach.

Property Improvements -  Here's the bottom line, if investors cannot raise rents to account for capital expenditures on property improvement, the likelihood that they will make improvements decreases. 

Expenditures and 4% repairs/maintenance.

You have no money allocated for fixing up the big systems, Capital Expenditures (Cap Ex), operations, or property management. 

And the 2% rule is just an ideal guideline.Don't forget to include capital expenditures and debt service in your expense analysis.

That gives us more money up front and we don’t need to save much for capital expenditures which maximizes the monthly cash flow.

I would budget a higher amount for capital expenditures.