How much to keep in reserves

[Casey Dimascio]

I have a three family in Attleboro, Ma. It approximately cash flows 1k a month after expenses. Right now I am putting all profit into a reserve account. How much do you guys have saved for reserves? I was going to stop at around 15k. I know they say that you should save 1-2% of the property value a year to go towards vacancies/ repairs but I don’t want to have 30k sitting making no money. I figure if I come across an expense over 15k (roof/ foundation/ ect) I can easily get a loan for the remaining balance. What do you guys recommend?