There is a difference in the market between an efficiency and a 2400 sq ft ranch style home.Another note, never have a tenant in a residential lease be responsible for maintenance or repairs (not including damages they cause), it is going to be a violation of federal tax law as to depreciation allocations and you can end up filing false returns as an owner.

In considering this, I did plan to apply part of the initial sum to a security deposit equal to one month's rent before allocating the rest to prepaid rent.

Many of my buy-fix-hold investors would pass on homes with pools unless we allocated to break out/fill in the rehab estimate for the same reasons.

They will not allocate 80k per year over 10 years for a re-image.      

Does your lease contain a clause allocating money received to money owed first and rent last?

If you allocate a spot for each person and say they can only park their it will be reduce some of the issues.This is one thing I have learned within the first few months of being a landlord. 

Wellings preferred equity receives the same depreciation allocation as common equity, and sidecar investors receive a K-1 annually3.

How's the parking lot expense allocated?

yes but you need to come up with a reasonable allocation as to how much is personal and how much is business to split the two amounts to equal the one purchase price. 

Just title it personally and then allocate usage to businesses.