With construction costs soaring I'm now seeing quotes for nearly 100k+ all said and done, I want to know what rehab budgets are everyone allocating to your projects?

What we tell people for buying a good investment property in Metro Detroit is have around $30k to allocate towards investing.You can buy a solid nearly rent ready property for roughly around $100k20% down = $20,000Closing and up front costs etc = $6,000Immediate costs/repairs (will fluctuate the most) = $4,000$30,000 generally get's you into a property of this criteria. 

Allocate 1-2% of the property's value for annual repairs and 5-10% for a capital expenditures (capex) reserve fund covering major, less frequent repairs.

The nice thing about this approach is that you can allocate your proceeds any way you like. 

Expenses must be allocated based on personal days occupied vs. tenant days occupied.This counts for shared common areas in your example.There is an exception to the rule.

You need a good PM that knows the difference, and can allocate expense accordingly.Best of luck to you!

Just bet on a good property in favorable landlord law area, judge the land value and the cost to build, then allocate capital conservatively and don't stress it. 

We typically allocate 30% of the GP to the total capital raise - but we also make sure our partners (co-sponsors) are also participating in due diligence, EMD, investor relations & communications, etc to stay compliant with SEC requirements.

It auto downloads all your banks and credit card transactions and allocates expenses per property and reason. 

It is cheaper to rent than own in the initial years.Retail purchases in San Diego that do not have a value add are cash flow negative when allocating for all expenses.If you believe that owning will reduce costs in the initial years then you do not have a good understanding of the expenses.