Just to be safe, allocating $1,000 - $1,500 per unit may do the trick.I think that the more experience you have as a real estate investor, the less cash on hand you may really need.

Our tenants need at least 3.25x the rent for monthly income and cannot have more than 41% of their income allocated to debt that shows up on the credit report (monthly credit cards, car payments, or other monthly obligations) For self-employed applicants we require 2 years tax returns. 

I've got a substantial SDIRA cash position which I've got allocated for real estate and I've been trying to figure out if leveraging is a viable strategy within the IRA.To date, I've interviewed 4 CPAs, trying to find one who can answer questions regarding leveraged assets within a SDIRA.

Meanwhile, the allocation for your primary residence will fall under sec 121. 

My new PM is helping me find properties and then allocate part of his commish to PM - good deal for both of us. 

Carry costs (interest, insurance, taxes) are not capitalized unless the property is a flip and those expense are directly allocable to the property.

To my knowledge, it looks like the federal government grants money to the state to be allocated for the use of funding activities such as building, buying, and/or rehabilitating affordable housing for rent or home-ownership or providing direct rental assistance to low-income people.

Take all closing costs except currently deductible carrying costs like interest, taxes and insurance.Set it up for amortization over the length of the new loan, starting on refi date.There is no land allocation involved,Whatever is left of the old loan costs should be deducted now.

As far as your stock portfolio allocation, why do you not have more in mid cap and growth stocks as well as international ex-US?

Structure and allocation will be key to how you do it.