I hope it wasn't an Airbnb reservation, if so you would be looking at a hefty refund for missing amenity :(

@Nima Rezvani Yes you can 1031 from one investment property to another investment property and then later convert it from investment to your primary residence.Hi Dave, Forgive me if this question is obtuse, but I was actually wondering about doing the exact reserve.

Pleasant Hill, Southern Pointe, Midtown Reserve, or Southern Plantation.

We are building a cash reserve to fund more flips.

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

I am trying to balance my overall portfolio and would like some advice on how people would balance this if they were in my shoes to in order to reduce risk and increase overall gains.I currently have 2 rental properties and 1 primary residence as well as cash and brokerage funds.My main questions I’m looking for thoughts on are…- What percentage would you keep in reserves?

But if you have reserves, multiple exit strategies, and the ability to pencil out deals, you will be able to take advantage of these loans easily. 

You also want to know about the HOA in general like the Reserve Account.

Have plenty of cash reserves

We heard of guests who checked out at the end of their stay and decided to notify their credit card company they did not book the reservation.