Final answer:
A Property management plan is a document that projects income and expenses and outlines programs of capital improvement, alteration, modernization, and rehabilitation for a property.
Step-by-step explanation:
The document that projects income and expenses, as well as programs of capital improvement, alteration, modernization, and rehabilitation, is called a Property management plan.
A Property management plan provides a comprehensive overview of the financial aspects and plans for a property. It outlines the projected income from rent and other sources, as well as the anticipated expenses, such as maintenance and repairs. Additionally, a property management plan may include strategies for capital improvement projects, renovations, and future development.