There is a difference in the market between an efficiency and a 2400 sq ft ranch style home.Another note, never have a tenant in a residential lease be responsible for maintenance or repairs (not including damages they cause), it is going to be a violation of federal tax law as to depreciation allocations and you can end up filing false returns as an owner.

In considering this, I did plan to apply part of the initial sum to a security deposit equal to one month's rent before allocating the rest to prepaid rent.

Many of my buy-fix-hold investors would pass on homes with pools unless we allocated to break out/fill in the rehab estimate for the same reasons.

They will not allocate 80k per year over 10 years for a re-image.      

Does your lease contain a clause allocating money received to money owed first and rent last?

If you allocate a spot for each person and say they can only park their it will be reduce some of the issues.This is one thing I have learned within the first few months of being a landlord. 

As long as you meet your reinvestment requirements it doesn't matter how you allocate the proceeds.Now (now not needed) In your case if you"re selling for $800k (after closing costs and commissions) and maybe you decide you would like to purchase two properties for $400k.

Wellings preferred equity receives the same depreciation allocation as common equity, and sidecar investors receive a K-1 annually3.

How's the parking lot expense allocated?

You're monthly allocation of "roof future cost" doesn't happen when you want it to, it'll rear it's ugly head when it wants to.