So I should be accruing a reserve fund to handle a major system failure.

Since the final value of the property is $130,000 that is what your new cash out or HELOC mortgage will be accruing interest on.  

In Maryland, the deposit should have been in an interest-accruing account.

@Rachel Bier, if I understand correctly, when you apply for a ELOC*, the approved money would be yours for the taking, but would only accrue interest once you draw on it. 

The problem is what the IRA is invested in.The tax sheltering provided by an IRA allows you to accrue more capital over time, since taxes are not reducing the principal along the way.  

It seems to be going along fine.RealtyShares is probably my least favorite of the platform among several I've invested on for two reasons: (1) they do not prefund their investments and (2) a long lag time from closing to first payment.Many platforms prefund their investments, meaning investors begin accruing interest the day they make the purchase, the day the platform receives their funds or shortly thereafter that date (ie. close to the actual purchase date).  

That's what I'm going to assume)If it is short term financing, 6 months to a year, there should be no problem to get the seller to just let the interest accrue and just receive it in one balloon payment once the place is sold or refinanced.Even if it is a longer term financing, I still ask for at least the first 3-6 months with no payments or interest, "to get my ducks in a row."

HelloWe own a condo that has accrued over  2x the target reserves for a building of this size.

Hi @David Marciano The thing that bothers me about your post is that it seems to ignore the property taxes that are accruing against the house.

She had some late fees accruing and didn't pay October 10th rent, and let me know Oct 12 by text that she was breaking the lease but wanted to stay tilll the end of Oct.