There are expenses that do not occur every year, but whatever amount they average out to over a long period of time over a large number of properties must be considered.

Reading through the NOLO book, it states that any expenses that occur before the property gets placed into service needs to be added to the cost basis of the property.

If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.

Just to give you a sense, I have a 200-page book for lawyers that deal with various shenanigans that can occur from using that form. 

If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.

If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.

If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.

in many areas enforcement will only occur if there is a complaint, but this can be like a ticking time bomb.  

There is a BP meet up that occurs once a month - once you're here, I'd encourage you to get involved to build the network!

You can then assess if someone else is in house and get a sense if any damages occured.