You could certainly consider the opportunity costs of money in a reserve (as I did) from an economic point of view, but from an accounting view I don't think in the figures we are talking about, generally less than a hundred grand (may less than 10k) the cost and brain damage involved in splitting hairs for analysis and accounting are out weighed by the practicle value of doing so.In your portfolio (or bank accounts, whatever) you should look at the maturity distribution of you accounts or investments so that they come due or to maturity (available to you) in 30, 60, 90 and 120 days.

After months of combing through real estate deals, I found what I had set out for ever since the start of my investment journey.

Yes, I absolutely meant to say "# of Units".I'm printing out your post so that I can comb through all the details and really understand it.  

Often times, people comb over this very important coverage or simply don’t have enough coverage.

I thought it was a hair high but not awful.

Folks are doing it, but it will require lots of patience and a fine tooth comb.

In NY, business licenses are more oriented toward retail or certain services like cutting hair or massage.

I bet this is all a mute point as it is "listed" therefor been combed over by 400 other investors.  

On commercial- How many hair dressers, architects, handymen, etc will run their business out of their home?

I flew to Hong Kong from SF was amazed that I got to see the head of said group at my young age :)  I even bought a suit and shoes in Hong Kong before i went to the meeting Cut my hair etc.