CapEx Associated with Condos

[Andrew Karpman]

Hi,

I'm am located in an expensive real-estate market (Los Angeles) so my options for buy-and-hold SFRs or MFRs are slim-pickings. As a result, I have to consider buying and renting out a condo. My question is, what are the capital expenditures that I have to account for as an owner of a single condo unit in a multi-family unit condo building? Do I still have to allocate funds for roofing, water heater, HVAC, gutters? I understand that some CapExes such as flooring, plumbing, windows, and paint I have to cover but which of the following CapExes can I omit when doing my analysis?

Roof, Water Heater, All Appliances, Driveway, HVAC, Flooring, Plumbing, Windows, Paint, Cabinets/Counters, Gutters, Structure/Foundation, Landscaping, and Components (garage door, etc).

Thanks,

Andrew