New Member Introduction

[Jerry W.]

Hi all,
New member from a small town in the middle of Wyoming. I currently own 2 single family rentals and have been a member in a small rental company for about 10 years. The company may be splitting up so I am working on increasing my personal holdings. Housing sales have slowed over the last 2 years and prices that usually climbed 5 to 10% a year have started to decline a bit. Wyoming is a boom/bust state but we are away from the worst of the boom/bust areas. I would appreciate any information on what kind of cash reserves are appropriate especially if you are trying to get 5 to 10 rental houses. Any advice on on a book keeping system would be appreciated also. Thanks Jerry