So that is a metric I am paying close attention to as well as trying to get to PITI and PMI full coverage with some slight amount left over to allocate toward building reserves and hoping this amount builds over time to build that reserve fund up as many of the other positive wheels of real estate hopefully start churning!

The metrics that I have incorporated into my are as follows:- Median Home Value- Median Rent- Median Household Income- Poverty Rate- SNAPS (Food Stamps) Rate- College Graduation Rate- Vacancy RateI have chosen these because I believe that these metrics give the best indication as to the "risks" an investor will face when selecting a location to allocate into. 

Hey @Jacob Zivanovich, regardless of property condition and location, I usually recommend a minimum allocation of 20% for reserves.

This is to booking assets on your financial statement.However, agreements can be made to pay real estate taxes, but doing so doesn't shift the allocations of assets on your statements.   

I'll have to allocate myself an extra $100 in my budget when I move over there for all the restaurants compared to the west side!

I am allocating $20k for unknown assessments added to the already released $10.4k of assessments which equals $30.4k of assessments in what will likely be less than 6 months (the $9k was to be paid in Oct (it can be paid over 3 months if desired) and the $1.4k is due in November.  

This is a complex area of partnership and lots of tracking and allocation is required.  

Thank you Your expenses (including property taxes) are allocated between rental portion and personal use portion. 

Allocating a small amount of liquid capital each year to insurance will yield exponential returns when the time comes to file a claim.Estate PlanningAt the time of writing, I don’t have a will.

For example, get an operating or partnership agreement in place that addresses the key issues and allocation percentages.