Id say your best bet in determining how much you need for reserves for emergency repairs would start with a good home inspection.

I bet he'd love to get in on this!

I think your best bet is to reach out to the commercial broker agencies in your area and ask them about the process.

Dude I BET some dude just winged it, talked about it enough, people believed it and it now is a "thing" on how to do it.I am TELLING you, if 70%-90% of the people call you back pissed off  why you keep sending them mailers, this method SIMPLY IS NOT WORKING!

“Progress, Not Perfection.”  

This frees up your cash to allow you to keep making transactions and allows them to follow the lender guidelines.For rental, there are lenders that will loan 75% Cash Out, and I have heard of lenders offering more locally out west, with a 3 month seasoning requirement for market value.For primary homes, or house hack strategies, a HELOC may be the best bet, as lenders vary, but overall some strategies will offer the best savings of all.

Also, look at the path of progress maps for KCMO.

My mission begin like so many of you in the community have and progress to earning an equivalent income to my middle class salary.

For me, when these issues arise, a quick email that they're working on it will suffice and then they can update me as they make progress.

From what I’ve seen, if one wants a long term rental, Redmond and Prineville would be a better bet.