@Nathan KrauseYou have come to the right place to connect with the wide array of real estate professionals and investors.

Thanks for the interest @Tori Prophet @Jorge ContrerasSo when the plumber went out to the a walkthrough before starting work, the front door was wide open again... and he was afraid someone was in the house.  

Especially with not a lot of money for a down payment.It is a 1 bedroom stick built house (20k repairs needed)Also a double wide 3/2 manufactured home.It is located in the county, on a R5 plot of land.It is a great deal and I believe I can get it at a good price, but financing has been shot down by every lender I've checked with.The lenders don't like the difference with the stick built and mobile home on the same parcel.Possible options I can do for financing?

 $60K sounds like a lot unless it is pretty new and on land of some sort and maybe a double wide home and not a single wide variety. 

@Michelle MooreYou have come to the right place to connect with the wide array of real estate professionals and investors.

These reserve levels need to be managed because having too much cash around is inefficient, and not enough risks cash flow.10% Repairs and 10% Vacancy of gross rents seems to be standard... but that number varies widely.

@Clinton PoitraYou have come to the right place to connect with the wide array of real estate professionals and investors.

@Telless CadeYou have come to the right place to connect with the wide array of real estate professionals and investors.

It will help you to know there are many forums available on a wide variety of subjects.

It will help you to know there are many forums available on a wide variety of subjects.