Minutes will clue you in on whether these types of issues and discussions are happening in the complex.With that being said, there are still other factors to be considered before buying condos for investment purposes.

., each deal will be different depending on the exit strategy, type of asset, market cycle, repositioning vs. value add, to name a couple factors. 

Deterrent is the biggest factor for compliance.It is pretty easy when an ac man comes by and the filter is so clogged with crap that you know it wasn t changed in a few months@Sam Leon 

I am wondering if certain expenses should be factored into these calculations.Specifically If I plan to put aside cash reserves at the purchase of a property (6x monthly carry costs) should I include that in my cap rate calculation?  

When I worked with the public, the first question I asked was "tell me about your situation" because if there wasn't a motivating factor in that answer I was off the phone in under a minute. 

An average 4 person family might use anywhere from 3000 to 10000 gallons per month, depending on a lot of factors.

The financed portion of the gain would be subject to what is called the Unrelated Business Income Tax or UBIT.Unrelated Business Income Tax (UBIT)In most cases, people hold investment properties in their IRA for the income stream, not for flipping, so the UBIT is not typically a factor.

Obviously, people will always need a place to stay, but they might not necessarily need luxury vacations when times are hard.Still, all things considered and all other factors remaining the same....

If so, is that factored in to your numbers?  

I'm not sure what the management and maintenance fees you have factored in are.