I had that feeling and just wanted to confirm that.

Our attorney told us the average judge doens't have the time to research all laws and will just go with the flow and award deposits to the tenant.Better off calling it a nonrefundable Holding/Reservation FEE:)- Fees are understood to be nonrefundable.

Lining up back ups (back up contractor, PM, extra reserves) won't hurt as well.

Can anyone confirm?

If you use the $14,000, will that leave you without sufficient reserves if the AirBnb thing doesn't pan out?

Yeah, it's evident that there's a strong pro-real estate sentiment here on the forums haha, and sometimes we can get caught in a self-confirming loop.

What will your need for reserves be generally, and for each property?

Most will reserve until.  

@Anna DoumkinaIt’s going to be very challenging getting a lender to do one property with that low of a down payment - so start with 1 before trying to buy 5-10Section 8 properties also have a lot more maintenance so you will want to make sure to have adequate reserves as well

Appraisers give no value to the business aspect, so the property is sold at market value, even if furnished and even if there are future reservations on the books.