Hi Bigger Pockets,I am trying to "sharpen our pencils" so to speak when it comes to proper reserve amounts for rental properties and I am having a difficult time finding concrete answers to this topic.

Lots of new electrical, new appliances, fixing concrete work.

that's not a bad day at the park.He could go with a DST (Delaware Statutory Trust - 1031 compliant not the other deferred sales trust). 

Asking price is 370k. 1,997 sq ft concrete block house, 3bed 2.5 bath.  

You should sit with an attorney who does real estate law in the state you would want to wholesale in and explain the process you would use and ask for their opinion on how to be compliant with state and federal laws.

Last note, anyone have pointers on how to get rid of animal urine smell from concrete.

The skinnier stuff also responded to multi-angled hits from the corners of a sidewalk scraper.If doing all over again, I'd go just with blunt force trauma with the tile and sidewalk scrapers, but heat did get me through the layer of concrete-like impermeable superhuman lead or whatever it was ;)  Wear your ventilator of course!

The property is about 50 years old concrete. most big ticket items are being replaced before we close except roof . 

You should hire a CPA, an attorney or a specialty company specializing in this kind of setup to ensure that what you are doing is IRS-compliant.

Last week I had the "swamp" in the backyard graded and turned into a concrete parking pad for much needed offstreet parking.