A newbie multifamily investor gets 125k. What do they do?

[Gabriel Lamb]

Bp family! You're a newbie investor. You want to buy a multifamily property. You're conservative and want to put 20% down. You don't have any reserves yet. No reserve for capex. No reserve to cover rainy vacant months during a downturn. No reserve to rehab or cover closing costs. Ground zero. How do you use this 125k? How much do you set aside for these reserves? How much do you use as a down payment? How many units are you looking for? Is there anything else you would set money aside for? Would you save more or less than 125k? Thanks Bp, Happy Friday! Gabriel