Meaning if you expect the new water heater to last 8 years and it cost $1,200 to purchase and install then it cost you $12.50 per month on average and that's the number you should use when calculating monthly cash flow.Being hit with a lot of capex early on when you own a rental can have an impact on your reserves for sure, but the nice thing is once they're done you should have X years before the same expense comes up again.

What sales price range are you targeting on this purchase? 

is it possible to barrow (hard money) for the down payment im looking at turnkey and would like to purchase 2 at a time.

This is very common.Lets say suburban purchased 50 miles radius outside of city center.

Hi Jin, That information should be in the master association documents you should have received when purchasing the property.  

That ensures you don't spend it on other things and know exactly how much you have to spend on the next purchase.

I liken it to Officer and A Gentleman quote "I will do all things fair and unfair to trip you up". 

Would you be willing to purchase a property with this sort of information?

Hi Samuel, What is the price point for this purchase?

If it is elongated and stretches along the right-of-way of the railroad then I would be less inclined to purchase it.