No hidden fees.3) Proactive maintenance—Getting ahead of the problem is so important to save time and money for ourselves, the clients, and the residents.

@Benoy Varghese When I take over a property I send a letter to the existing tenants introducing myself and telling them where to send rent and provide the necessary information regarding my policy for dealing with maintenance issues.

Do you know if your PM upcharges on all maintenance repairs?

Meanwhile, your expenses, like debt service, taxes, insurance, and maintenance, continue.

We have access to all the maintenance contractors one might need during tenancy. 

@Sidra Amir I have a needy tenant that comments on EVERYTHING we do at the property from small maintenance issues to having large pieces of equipment onsite for projects.

Might have hit it during a maintenance or something 

Then divide that cost by the amount of time between now and then and that's how much you should be putting aside for Capex.For general maintenance, the age and condition of the building will play into that.

with that said, should you increase your down payment to mask flaws in an otherwise terrible deal - an alligator that will eat you alive with deferred maintenance that is in a worse neighborhood than you think, but an agent sold you on it because it has new countertops? 

As such, they want to repaint, have some deferred maintenance that needs handled in next several years, and therefore pause distributions to LPs, to fund those additional improvements out of operating cash.