It is why postive cashflow is important.More to the point on cashflow, I'm saying that properties that cashflow only enough to pay for the PITI payment don't sound like strong investments (for me at this moment**) if what it would require is substantial cash reserves (which I dont have because im just getting in).

IMO its important to have plenty of reserves, it's not if something goes sideways, it's when it goes sideways.

I think a lot of folks are sitting on or building up cash reserves as rates have squeezed a lot of the potential cash flow opportunities of years past. 

With the right tax strategy, you can maximize deductions and reduce liabilities, while having the right insurance and reserves in place will protect you from unexpected costs.By Implementing a quarterly financial review to assess performance and make adjustments to avoid cash shortfalls.

It is much better to have a reserve fund and add it monthly.

These special assessment were thousands of dollars, and there was no sufficient reserves from the monthly fees to cover these large biggers, so the owner were required to cover the shortfalls out of pocket, what a great way to ruin your cash flow and ROI.There are benifits to condos, including tennis courts, playground, swimming pools, club houses, and fitness facilities. 

I have a 4 unit that has a mortgage and consistently nets me 25-35k after everything each year including reserves.

Do to the state mandates that require 100% reserves in all categories, combined with the rising cost of their neighborhood insurance policy, my strong recommendation is you find out what further anticipated spikes in association dues & if any possible special assessments are looming.

We affirmed the absolute rights, set forth in your State’s LLC Law, for ANY Member to request copies of the three most recent years Federal and State tax returns issued by the LLC. 

Now, I do zelle or they directly drop it in Navy Federal.