A reserve is unnecessary, but I still keep around $15,000 - $20,000 in my account.The point is, that you should sit down and assess your finances to determine what the worst-case scenario may look like, how much you would need to cover it without impacting your life, and whether you will need to build a reserve.

But you will also be able to 1031 out of it. 

I love the prospect of Frisco but it seems to be appreciated quite a lot.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

They have been the best investments I've ever made, but hoping to have greater cash flow influence with a daily business model.Is there demand for these types of rentals in the investment community?

I had a similar situation a few years ago, but it was a move across town. 

I currently invest in OH but am interested in looking into Buffalo too.

The agent was getting pushed pretty hard by his brokerage to get this signed before putting in an offer, so I caved, but limited the date. 

I tried to work with my tenant but they cut off all communication with me and wont respond to anyone.

The downpayment is good but the interest is to low.