I plan to use any excess money after it is over 50K to buy additional properties.I have a 1 Million per occurrence personal liability umbrella that my agent said would cover all of these rentals.  

The ******* who lived in the house before me decided his DIY work would include smearing excess mortar everywhere SMH!

When this plumbing is broke, it could break anywhere along the pipe and cause major ceiling damage or flooding to the home in excess of the cost to replace with more reliable pipes.

im told insurance in FL is high but that seems excessive. 

@Brie Schmidt can't deduct 100%, Joe A. the interest on your excess funds ($5k) is the portion of the debt that will not be deductible under the tracing rules.

Now excessively high fees are on most buyers list, and can turn off a home buyer. 

I wouldn't buy where the negative is excessive. 

We end up returning $1000 - $1500 in excess materials when we do the final cleanup and recoup some costs.  

Of course, the more the merrier in reserves, but anything over 6 months is excessive IMO and reduces your ability to take on new projects.A common mistake I see is buyers not putting the tax credit they received at closing into reserves.

Hello Fellow Bigger Pockets Friends:I just went through a transaction in Newport Beach and had escrow fees in excess of $15,000.