Take two case:buying all cash, depleting your liquid assetsbuying with the highest LTV and thus paying a mortgage yet retaining liquid cashDepending upon the purchase price,  the CoC on (1) will be your NOI/pp while on (2) it's the NOI/downpayment

You'll see prices adjusted as well if a property must be repaired, usually uninsured damages just go "as is" insured damages can be repaired or proceeds retained and offset the balance owing and marketed "as is".

Capex may refer to the item itself like hot water heaters, roof's, appliances, etc - i.e. big ticket items that don't require monthly recurring replacement but also Capex can refer to the account or monies retained from proceeds for future (replacements).   

I like the idea of hiring a handy man on retainer in case of emergencies while out of town.

His prices were a little better because he retains his own electrician and does not have to gross it up to make a profit from getting a sub.

I can pay a bank much less money than most creative financing models AND retain 100% of my equity.  

Is it automatically deducted via Air Bnb, another auto debit, or am I required to retain the rental payments and send a physical check?

It also has a retaining wall that needs to be replaced.

In ever widening circles, I kept looking until I found a 6-unit MFU which gave immediate cash flow which over the years has only grown.I pay for lawn service as the tenants don't want extra  charges and I want to retain curb appeal.A single vacancy in an MFU only reduces income, while in a SFR, the well goes dry until you fix up and rerent.IMO, MFUs are in disfavor primarily due to the high buy-in cost (LTV below 70-75%).

Back to the regulations, I read them, I'm very good at reading and retaining regulations and statutes.