I want to make sure I am allocating enough for that unexpected expense.

List out who gets their allocable share of rental income, expense, depreciation, credits and appreciation.

When I have a common expense such as buying a tool (i.e. a lawn mover) that I use for multiple properties, how do I allocate the deductible expense to the multiple properties I own?

Hey Everybody,This is kind of a back-to-basics discussion here but I've seen a lot of variation in how much everyone is allocating for repairs/CapEx/both.

I wouldn’t be comfortable buying without 6 mos reserves, just want to understand if I need to allocate that $ or can use my HELOC.

That's a current ROI of 0.01%.If I wanted to underwrite as loose as possible and ignore the management expense allocation and capex allocation, I could get to a 2.69% current return and a 6.63% annual earned ROI. 

Or rather, interest not allocated to a specific property.Further, I think it is debatable whether the interest during the flipping process must be capitalized, as @Ashish Acharya stated.

We allocate about $50 a door, and it covers more than enough.

@Tyson Lee Look into RUBS - A Ratio Utility Billing System allocates the property’s actual utility bill to the residents based on an occupant factor, square footage factor, or a combination of both.

The purpose is so  we can spend more time working in ministry, be more generous, travel, and be in control of our time and energy and not have someone else allocate those resources to suit there own purposes.