Roof costs say $8000 (depending on size, shape, type of shingles, etc.) and last 25 years (depending on weather, type of shingles, slope, etc.) ... that's $27/mo you need to put away in CapEx to eventually replace the roof ... now do that for all the systems in the property, add them all up, add some reasonable amount of margin, and you have a reasonable grass roots estimate of what your CapEx should be ... code it into excel with the approriate parameters such as square footage, number of water heaters, etc. and you can knock out a CapEx estimate for a specific property in a matter of minutes, without messing around with bogus rules of thumb like 50% rule or 10% of gross rent, or any other such thing that tries to relate things that are completely unrelated in order to shortcut around actual thought and analysis.Any calculator that you do not understand all of the inputs, outputs and assumptions that went into them are less than useless, and BPs are no exception ... therefore the best ones will be the ones you build yourself from the ground up and modify over time as you gain experience and find that some of your assumptions, inputs, and formulas need tweaking.  

Lessor may adopt other rules and regulations at a later time provided that they have a legitimate purpose, not modify Lessee’s rights substantially and not become effective without notice of at least two (2) weeks.”With this clause can I legally implement a new parking policy if I give 2 weeks notice and provide all tenants with the policy?

Thorough Due DiligenceKeep in mind to modify your approach according to the state of the market, the accessibility of finance, and your total financial circumstances.

If I ever complete one, it will be your route - have someone else write it and let me modify it to fit my particular deal.

I added a laundry room, new roof, external lighting, modified the landscape, new front porch that stretches across the entire front of the house.

I would suggestion latex modified in most cases, especially with porcelain ...

@Vic VeeramaniBeing able to utilize passive losses depends on your income level and your level of participation.You are eligible to use some passive losses from rental activities if you show active participation and your modified adjusted gross income is below $150,000

At the very least you will want to modify any existing bathrooms to make sure they are accessible and have walk-in showers.

In fact, I lost a deal last year because it took me too long to modify hundreds of lines of pricing every time there was a Change Order, whether from my hard money investor or my contractor. 

Both of them have been modified countless times over the years and will definitely continue to be tinkered with.