It is an insured closing meaning the title insurance company also insures the settlement or, there is separate coverage.

There will allows be inconsistency in underwriting and one lender may consider your liquidity a little higher than another based on their underwriting criteria and you'll come out with different global debt coverage ratios.

My goal has always been to wholesale enough properties to buy & hold properties with cash, creating long term cashflow for my family.However, since I need some "wholesaling income" to supplement part time income lost last year, it's been rough creating a marketing budget that'll provide sufficient quality leads, while putting food on the table.

I have been listening and learning with the podcasts, supplementing with books and blogs.

If not then get a lot of liability coverage & pet deposit for property damages.The guy leasing our commercial property has one on-site & if it knows you your OK if not stand very very still.

Most lenders use a DSCR or DCR, debt coverage ratio, of 1.2 for multi family properties.

Would it be wise to invest in a few rentals before relocating to a new area to supplement our income?

These reserves are established to augment loan insurance as well as depository insurance coverage.

You need that kind of coverage.

I am just getting started, and plan to require my full time job for ~2 years before my business has grown to where it is no longer a supplement to my income, but my sole source of income.Draw up a business plan, your intentions, and your goals.