You should have an understanding of what the per door expense is in the market, and then take into consideration the age/condition of the property.If you don't know what to reserve, have a few conversations with property managers in the market and talk to community banks who lend on the asset and ask themGino

Do they have reserves? 

We do about 250 reservations per month on average and get about 100-150 reviews. 

She is older and lives on a fix income and I will confirm but I believe her federal tax bracket will be in the 10-12% range. 

Most tenants are tough on rental property but I would caution you to set aside some of the excess rents aside for reserves.

I have a list another BP member put together that I'd happily share with you.You shouldn't have to refi out of FHA to get a HELOC...maybe @Landon Hoon or @Michael Barbari can confirm? 

The Role of the Federal Reserve and Future Rate CutsThe Federal Reserve’s decision to leave interest rates unchanged at its July meeting has further fueled speculation about a potential rate cut in September.

2 months of reserves in escrow for taxes and insurance is normal.

This isn’t an attempt to bash your program and I’m sure others are looking to confirm the same as well.

And that get's even more confirmed when you look at home prices long term, like since WW2.It's like: I don't know if we are going to have snow for Christmas, or how much snow exactly it will be, but it's Wisconsin and so it's pretty safe to predict (even though maybe not 100%) we are going to have snow at some point next winter and the total accumulation is going to be probably around 30-50 inches.My operating assumption is that home prices are going to double (again) over the next ten years, just like the did over the last 10.