Capex is variable, depending on the effective age of the building and what the average tenant expects. 5-10% is reasonable.

They definitely can't communicate with buyer, seller, agent or title company either, so I'm not sure what they're good for other than being a more complicated, expensive Gmail. 

Access to a CPA is a bit more involved than communication on the forums, so thats why I posted it here.

Upstairs was damaged by fire, fire started in master bedroom and was contained to that room but smoke damage effected the entire upstairs.

so there are several moving parts we're effectively discussing.

Don't know if it is meaningful or not, but even with a $0 down payment you still are "into" the house for some non-zero amount - you probably have paid closing costs, an inspection, etc.You could always estimate those costs, and use that number as your effective initial investment in the property.

That every time a mortgage is signed and goes into effect, a "note" is created that is able to be bought and sold.

Now their price is taking off because many have been priced out of SFRs. 3) A good HOA can actually be a true benefit to a new owner in that it can more cost effectively manage some basics like lawn care, pool maintenance and other exterior chores where there is economy of scale.4) A bad HOA can cause your property to loose value even in a rising market.

They are related, but only to the effect that a larger downpayment increases your cash flow.  

So this makes effective use of your nights and weekends critical.