There was an article published in the WSJ on January 25th 2001, yes a long time ago, and this was the first paragraph "NEW YORK -- Realtors, already battling Internet companies that have entered the home-selling business, are now organizing to fight a joint proposal of the Federal Reserve and U.S.

TIA.It may be more helpful to throw out a scenario like:Purchase Price:  500K20% down740 credit score6 months reserves 1:1 ratioQuote with and without a prepayment penalty and how long the prepayment penalty is. 

At the lowest rate option I'll have just enough reserves.

Hello Everyone,I currently manage a highly successful short-term rental arbitrage in Houston, boasting over 170 reservations in the last three years.

The DSCR products for investors are pricing below 7% on a 30 year fixed with healthy credit and reserves. 

Pay close attention to the capital stack, how much debt there is, how much preferred equity there is, how much the GP is co-investing, how much they project rents to rise organically every year, what exit cap rate they're assuming, how much cash reserves the property/investment will have, how much does the deal returns change when you add 50-200 bps to the cap rate, what is your breakeven occupancy and exit cap rate, and a bunch more. 

How much would you have in reserves? 

Not that its impossible to get creative financing or that its bad to start investing I'm not saying that by any means at all the earlier the better but the safety blanket is small with no reserves for an expensive learning experience which in this industry is likely. 

@Ray Dixon, most of my clients and experienced investors have at least $5k set aside for each property as a reserve fund.

With Baselane we just budget better with an actual reserve account.We also use partners like Obie to get savings on Insurance.