Lenders can use what's called an "Asset Depletion" calculation for borrowers with no income but significant assets.

Hi, I think you pretty well got the answers, you are responsible to turn over the property in as good a condition as you leased it, less amounts of normal wear, tear and depletion (or aging) of the improvements.

At this point I have the cash on hand so with rapid inflation happening I feel it’s better to get rid of cash on hand rather than stack it… of course not totally depleting yourself of cash but the dollar becoming of less value is very concerning.

In addition shale oil wells deplete significantly faster than traditional wells. 

While this can certainly be true Kim (debt to income can degrade) some key points I'd like to point out to people who might be considering conventional financing and getting loans :- you can use rental income with no landlord experience - Fannie Mae (Freddie Mac requires min 2 years on tax returns or CPA letter to state 2 years exp but most CPA's will not write that letter for you to protect their license)- you can add back depreciation and other non cash losses like depletion or amortization as these items are accounting losses and lenders are concerned with the "actual," cash flow that you will have available to service their loan they are thinking about extending to you- you can add back capital expenses as well if you can document it (make sure to save all receipts and invoices =D) since this tends to occur with investors the first year that complete many capital upgrades. since these are not normal occurrences every year they may be added back to improve your income if the file is structured correctly.- If a buyer buy's property that is still positive after the formula (gross monthly rent X 75% - PITIA) then you will actually improve your debt to income not hurt it contrary to what most think.

Costs for rentals can quickly deplete any CF you have and the less dollars per door, the more risk you assume.

Definitely not wanting to deplete my savings..  

That's just it, though - the inventory is so depleted there's no way the higher prices make up for the lack of inventory.

If she was out of a job, their savings might have been depleted. 

For a great deal, yes.You could also consider bringing on a partner so you don't deplete your cash reserves.