Cash Reserves per Property??

[Mark Douglas]

I've done one deal so far.  A duplex.  I'm really looking to scale quickly with small (10-20 unit) apartments now.  I've seen how costly repairs can be from this duplex, and I wanted to know from others, is there a minimum amount of reserves you build up in Property A BEFORE acquiring Property B..C..D..?

[Jason Hirko]

@Mark Douglas I keep 6 months of mortgage payments and historical maintenance costs in reserves. I will use those for unexpected repairs if needed. The more properties I get, the more lax I get on that, as one long term vacancy doesn't hurt as much.