Amount Down – The beauty of assumable loans is that you can often purchase a property with far less than the 25% down required for conventional investor loans.

I'm curious what amount of coverage to shop for? 

They were thinking of planning another one that required massive loans (7 figures). 

Is there a certain amount of savings or financial cushion that experienced investors recommend before jumping in? 

Real Estate is not just about the money made money per deal- it is about the amount of deals per calendar year times the amount of profit.

.$847 in the bank699 Credit Score133% revolving utilization/over the limit maxed out personal credit cardsQuite a bit of other high interest debt/loans borrowed during the first year in business$3,580,000 Appraised Portfolio Valuation$2,139,400 DSCR Mortgage Debt in my LLCs$1,440,600 Equity (Appraised Value-Mortgage debt)8 Remodeled SFRs1 Converted Remodeled Duplex2 SFR Remodels currently in process2 Apartment Buildings - 13/14 units occupiedA little more experience to say the least234 Audible books in my libraryAs I'm sure any experienced investor can gather, having the sizable amount of personal debt as I do, supplier house account payments due, PMLs that need to be paid, etc, not having liquidity/any money in the bank is an ISSUE.

Getting a lower rate will also depend on the amount you're putting down.

This is a small property so the smaller items don't amount to too much. 

Raising capital thru syndication is a lot more realistic if the sponsor has a significant amount of their own cash to invest.  

You may have to pay UDFI which relates to the amount of debt financed on the property.