Also keep in mind that for those that are partially renovated means you could allocate that money towards the down payment to make it more affordable on a month-to-month basis.

For me, the key to asset allocation is alignment with my goals in life (my "Big Rocks") - check out 7 Habits of Highly Effective People, changed my life 3 years ago. 

Here're my two problems with this recommendation:1) I think re-allocation is important to any investor, including a buy and hold, which means that it's better to treat each property as its own entity.

It should make common sense, as you're allocating as of that date.

I am required to live on base right now until I pick up another rank (hopefully next year) and then I am allocated BAH to cover rent.  

I am just not sure if having 75% of networth in real estate is right strategy, but i know that this allocation may be very common for many investor here on BP with 75% of their networth in real estate and perhaps 10% in cash.

I have seen several tax credit projects that must allocate a percentage of units to the affordable sector for a set period of years.

Ultimately there will always be a qualified use allocation since it began life as a business asset. 

@Brad Kirkwood There has been a lot of talk and possibly capital allocation on a commuter train that would run up the Allegheny valley to Lower Burrell/New  Ken which would provide a nice alternative to using 28 to get to Pittsburgh.

It is not tied to a certain property, so we can allocate it how we want each year when we do taxes.