How much cash do you typically need for your subject 2 and lease option deals? Repairs, vacancy, closing, marketing costs ect?

I'd recommend wholesaling or bird-dogging as a way to build your reserves.

It will look good in the bank and also will make a good reserve.

If I am going to hold a property for a tenant, I make them put down a non-refundable deposit (which will become the security deposit when we sign the lease) and sign a "Deposit to Reserve Rental Property" form.

I have two banks that will do 10% down and one isn't even charging PMI and may not want to see reserves.

I probably should have mentioned the necessary reserves and the potential exit strategies, but I wanted to stick to generic acquisition costs.

So I can confirm that this phrase above is accurate.

Our reserve fund was depleted to almost nothing because the money had to be directly just to keep common services in place (our complex provides water and heat).

I believe it is, just want to confirm.

My partner and I have some cash available to do a rehab, but at the same time, we don't want to use all the reserves have to rehab, if in case we can't sell the property.