Reserves during a recesssion

[Jared Fisher]

I'm looking to invest in my first rental property this year and was wondering how many months of reserves should I have saved up considering we are in a recession? I want to make sure I have a cushion in place, but I am also concerned that I may miss out on an ideal property because I waited until I have a specific reserve amount. 

[Jacob Sloop]

Depends on how conservative you are, the property requirements, type of property i.e lots of potential cap ex..

What strategy and property type were you looking at?

If I had to just put a number on it though ,  3 months minimum