I plan to use this line of credit to put down 20% on a property for a DSCR loan (DTI is too high for a vacation home/investment loan), and I do have about $20,000 of reserves saved up.

Curious if anyone else received this same email from VRBO today:"Subject: Vrbo property rate discrepancy error – action requiredDear Partner,We're reaching out to let you know that we recently discovered a technical error that may have caused your rates to be displayed incorrectly to travelers who booked your property between July 29 – August 9, 2024.Please review the property rate for the following reservations IDs:XX-XXXXXX, XX-XXXXXX, XX-XXXXXXIf you believe one of these reservations was impacted, we ask that you honor it and contact Vrbo Support within 30 days of receiving this email to file a claim for the potential difference between the booked rate and your actual rate.You can reach Vrbo Support 24/7 at https://help.vrbo.com/?

If mixed in with your deposits and reserve funds, you may accidentally spend money you shouldn't have. 

But, we also bought one house sight unseen that was a ultimately a not so great flip (same team, different area) which we were able to eventually fix (a cost of the fast-moving market, and us missing some quality clues) (Hint: have reserves on hand for a handyman!).

The key with condo complexes is to do due diligence on each individual complex as far at whether they are warrantable, VA-approved, and whether they might be facing any upcoming special assessments or have issues with the state-mandated structural integrity studies and their reserves.

Utility charge backs / RUBSAssigned parking spot rentals (vs unassigned first come first served)Vending machinesPet feesCommon facilities reservations / rentals (eg party rooms, etc)LaundryStorage rentals

         - The second challenge this creates is for investors or buyers with limited capital or down payment reserves.

A few questions come to mind based on the info in your post: 1) On the rental, Is the $50k just for the downpayment, or do you have additional funds available in reserve to cover cap x?

It may require you to maintain a specific liquidity ratio over the life of the loan, or maintain cash reserves equal to a specific number of payments, or upon inspection prior to the loan being Funded, Require you to come out of pocket with cash, for instance, to replace the roof because it has more than two layers on it, replace or grind concrete that has heaved, or embark on a program of replacing balconies that have rotted within a certain amount of time, et cetera...

Cash reserves from flipping houses.