How much do I need?

[Mark Smith]

Another new guy question!  I love to have a solid target in mind when I want to accomplish something, so I'm trying to get an idea of how much cash I will actually need to acquire my first property.  I know there are ways to make deals without having my own cash, however that route doesn't interest me at this point.

I'm planning to go the FHA route, so 3.5% of the purchase price down is obvious. I have heard that I should have (or that FHA requires?) a 6 month reserve? But basically, I'm just looking to have an idea of the cash I need for my first property. I don't think it really makes a difference, but I would be shooting for a 3-4 unit.

Can anyone list the expenses I can expect with some ballpark figures?  As always, thank you for your input!