I'm currently withholding 8% for CapEx, am I wrong to withhold 5% if all items are brand new?

I do however have written agreements in the form of dated e-mail threads between both myself and my Partner that he can also attest to being legitimate. 

It would be awesome to get options and brands from those who have gone before!!

It would be awesome to get some opinions of what kind of flooring and brands from those who have gone before!!!

@Brandon Cooper thanks for the reply, this property is brand new construction.

I personally prefer Multi-fam best as it presents better cash flow I lacked on single family LTR, is passive income (Schedule E on your fed Taxes) and is less management and work.  

@Ryan Alexander Yes the capex budget will have to be greater since the roof is not brand new.

@Jason E.

I have as Kiyosaki would say been an E my whole life and my goal is to transition to an I.I currently am working two jobs.

So better than 1%Just bought some high end new construction montrose properties that I’ll likely get $3800 in rent and I paid about $400k (not quite 1% but a+++ area and brand new.