I would make sure you have that money allocated from the start because you're down a unit if that goes and you can't fix it.

Reserves would then be allocated for projects or initial cap ex budget to remedy deferred maintenance.  

There is no set, standardized amount one allocates to allowance.  

Another thing we have learned is that we can't evict based on the late fee, so allocate the first dollars received to the late fee and then to rent.  

I think Allocated Utility Service would be my go to.

Your property taxes and insurance allocation looks underestimated. 

It is conservative, but one can allocate less/more.Finally, I do not bring in principal paydown/equity into my calculation.

Here are the three books I recommend: A Random Walk Down Wall Street - Burton Malkiel The Intelligent Asset Allocator - William Bernstein The Intelligent Investor -Benjamin GrahamReal estate investors love the scrappy intuitive nature of managing rentals.

                                                   $26,542.89Annual Expenses Sewer $913.47RE Taxes $5,630.34Insurance $922.74Common area expenses -allocated Parking lot lights, MAINTENACE & repair $301.26Snow Removal $899.81Landscaping and plant care $360.18Trash $613.89Total $9641.68NOI $16,900How can I get more accurate information?

If there is a set time-period for which an investor will allocate funds, how will you ensure that the proceeds are liquid when it's time to pay off the investment?