How much in cash reserves

[Manny Rivero]

hey everyone, i listened to podcast episode 172 about apartment complex investing not too long ago. On the episode the guy being interviewed said banks typically require you to keep a certain amount of cash reserves in a separate account with them. He said it was typically between 250-300 per unit. Im trying to figure out what he was talking about. $300 per unit for a 50 unit complex doesn't seem like that much. Maybe someone could help me out. Thanks!