Reserves per property

[Peter Tverdov]

How much in reserves do you keep per property and what sources do you use for this? I am a big fan in keeping proper reserves for each property I own (or plan to own) for two reasons: No. 1 - the bank would require it and No. 2 - because unexpected things can happen in bunches and at the worst time. I like to keep 6 months of PITI for each rental that I own (whether have a mortgage, owner finance or commercial) and I have found that THIS...not actual cash for down payments and repairs is what will slow my growth a little unless I increase the velocity of my reserve capital. I use a combo of cash, stock and 401k to continue to increase this number. Curious what everyone else uses.