Some states have an automatic reserve unless specifically stated there is no reserve.

If you take this on, be sure to have a lot of reserves on the sideline. 

Our last email from Alan confirmed our suspicions that we were getting jerked around by him admitting that it was his fault that the refund process was dragging on because he ‘knew what was in our best interest to do’ and that was for us to relaunch the program instead of giving us a refund.

you need cash / liquidity / reserves. 

Keep enough money in the deal to be slightly OTM or cash flow neutral, and have enough cash to reserves to weather any storm and be happy with a very quality asset under your name.

Keep on scaling with adequate reserves until you hit your point where you no longer want to grow.

You have $25k in reserves and you make $2k/month in cash flow. 

@Viral Mehta While self-management is definitely feasible, it does come with its own set of challenges, especially when managing from an international location with significant time differences like India.You’ve outlined the major tasks well, but there are a few additional considerations:Vendor Relationships: As a property manager in the Dallas-Fort Worth area, I can confirm that having established relationships with local vendors can significantly impact both the cost and quality of maintenance services.

Principle, interest, property taxes, property insurance, HOA fee, repair reserve?  

Perhaps someone else can confirm.