Because who pays if there is no tenant income stream to allocate?

I allocate 3% of the rents I receive from my apartments for replacement reserves/capex in addition to a repairs and maintenance budget.5.

Follow these six steps to file your vacation rental property tax form:Step 1: Report 100% of rental income on Schedule E of Form 1040.Step 2: Deduct 100% of any direct rental expenses (like management fees and advertising) on Schedule E.Step 3: Allocate mortgage interest and property taxes between rental and personal use.Step 4: Deduct as Schedule E rental expenses from step 3.Step 5: If any amount of net rental income is left over after completing step 4, you can deduct as indirect expenses such as, utilities, maintenance, insurance, depreciation, etc.Step 6: Write off personal use percentage of mortgage interest and property taxes.

I've got ~$200k that I can allocate towards deposits, but really know nothing about housing construction, how much rehabs cost, how to assess the condition of a building, etc so not sure how to really approach a 'fixer upper' and all the steps involved.

In this case, a tax partnership with an incredibly complex allocation structure. 

However, since rent in Los Angeles is about twice the rent in Lancaster, according to the 10% rule, I'm supposed to allocate twice as much for my CapEx.

Of that 50M, 25M was allocated for the construction of a new recreational faculty that has since been completed.

Its super simple and allows you to allocate funds among a number of bank accounts for different purposes and be able to make business decisions that would be difficult if all the money was mixed together including paying yourself which feels difficult when all the money is in one account.

Not only would you dip your toe into the investment world to get a good feel for what you like, what you don't like, what works & what doesn't, etc. again your skill set comes in handy here as the need for repairs will never go away so you can also get a feel for what it looks like to work on rental properties (dealing with tenants, allocating your time, phone calls, scheduling, etc) on a smaller scale before you jump into larger projects and properties.Again, congratulations on your credit score and liquid cash! 

Now I want to begin focusing on acquisitions I was wondering if anybody had any recommendations for how to allocate $3000 for marketing.