It falls to how we choose to allocate our time.

It may be wise to allocate an additional CAPEx allowance our of your Net Income (say 8-10%).

I'm allocating $100 for short term repairs and $100 for long term repairs.Total Exp = 703Cash Flow = 687100% Occupancy = $687 -- Cap Rate equals 16.590% Occupancy = $549 -- Cap Rate equals 13.1680% Occupancy = $410 -- Cap Rate equals 9.8350k at 4.25% over 20 years = 310 monthly payment

I want them to be hand written and addressed so this is going to require me to allocate time daily to do this.

The tenant is asking that we provide trash cans along the store fronts along with service of these cans as part of the "Common Area Maintenance" and allocate the cost proportionately to each of the tenants.

If not, then you need to decide whether you will contravene the zoning bylaw or allocate the space to a different purpose.After the regulatory question in satisfied, what you do with the basement space becomes a math question ... what will yield the highest return to your business ... do you split the basement and apportion it amongst the existing ground floor units?  

Our ultimate goal is to "fix and flip" and build capital while slowly allocating that capital towards "buy and hold" apartment buildings. 

Good thing is you never need to replace appliances, hot water tanks, older windows, HVAC, flooring, etc. so no monetary allocation is ever necessary;) Check your Declaration on if your 15 year old TOWNHOUSE roof is your responsibility.

@Antonio Coleman @J Warrens So I have been just recently  been starting to allocate about 10% of the profits I am making from flipping into marketing and expanding my business and name to everyone.

I'd love to have time to learn these things, but right now would rather pay the contractor than allocate my time to them for most of them.Factor this into your budget, especially when the seller says maintenance is cheap and easy and might show you operating costs with a low maintenance allotment.