How much cash should you bring to a first deal?

[Blake Johnston]

So I'm about ready to begin looking for a first investment property but I need to know how much I should have up front to get the deal done and maybe have a starter safety net for any up front expenses. I am planning to buy a 2-3 unit property for around 100k that is rentable as-is with rents totaling between 1-1.5k/Month. I will need to put 25% down for the loan and will need to show 6 months worth of expenses in additional funds but beyond that should I also have $X set aside for the first year's expenses? I will have the 25% to put down but the 6 months expenses is in a retirement account I can touch but would prefer not to. I plan to hire a property manager from the start too. Thank you so much for your help!!