Both sales and rent compsNot raising enough reserves. 

The only direct lenders I'd tried to work with early on were confused about how my investment fit into seasoning laws and erred on the side of extreme caution which also would have taken many months for a deal that didn't require any seasoning (which other lenders later confirmed). 

However, you will need cash reserves and cash for downpayment/closing costs, so until you have that part shored up, I think I'd wait to buy, but continue analyzing deals.

Just confirming to ensure you are not missing out on possible property tax savings. 

But it’s better to ask them up front (like you did) before you waste your time applying if it’s not going to be for an approved use.Also, if you’re just not sure what you’ll do with the funds, you can always say the purposes is “for cash reserves”.

I should note that I'm currently overseas so I have to rely on all things digital until I'm back in the states.Basically I wanted to confirm that it's normal to ask these people a variety of questions in order to get all of the information I need? 

Now they're ears deep in IRS notices requesting that 2553 to confirm S corp, but really....they shouldn't be an S corp at all. 

With high prices and interest rates, you may have to save 40% or more to make an investment work, but it can work.Don't forget to save up a reserve first!

Underwrite allowances for - Vacancy, Prop Taxes, Insurance, Utilities, Repairs & Maintenance, a Reserve Account, and Property Management. 

That means that I keep reserves of $10k to $20k and I make my deductible as high as possible (something like 5% of the RCV or $20,000).