You should have an understanding of what the per door expense is in the market, and then take into consideration the age/condition of the property.If you don't know what to reserve, have a few conversations with property managers in the market and talk to community banks who lend on the asset and ask themGino

Most tenants are tough on rental property but I would caution you to set aside some of the excess rents aside for reserves.

We do about 250 reservations per month on average and get about 100-150 reviews. 

The Role of the Federal Reserve and Future Rate CutsThe Federal Reserve’s decision to leave interest rates unchanged at its July meeting has further fueled speculation about a potential rate cut in September.

Just make sure you keep enough cash reserves on hand to cover unexpected costs or market downturns.Given the complexity of your plan, especially with the involvement of an LLC and potential rental income, it might be wise to consult with a tax professional.

2 months of reserves in escrow for taxes and insurance is normal.

You will be required to show reserves (usually 6-12 months). 

Keep in mind that The Federal Reserve is a bank to the banks, Read “The Creature from Jekyll Island” about formation of the Fed in 1913, there was no Fed before that.

Do they have reserves? 

Hi folks,My wife and I have a construction to permanent mortgage loan on land+home where we intended to build.Unfortunately, we found out that unexpected foundation work due to soft soil would likely make the project use triple our contingency reserve before even breaking ground.We are exploring our options on how to transfer our current financial obligations for this construction loan to some other loan offering (as moving forward with the project is now too financially risky).