Reserves - Current home/Rental Property

[Daniel McCauley]

This has probably been asked a lot, but I searched and could not find the answer. We have been in our current primary residence for nine years now and have an FHA loan. We are looking into a 4-unit rental property. We are new to all of this! Usually, will we need 6 months of reserves for the new rental property plus a certain number of months of reserves for our own home in order to get financing? Our debt is low (other than current home mortgage) and our credit is excellent, if that makes a difference. Thank you!