I had a little tucked away in savings during that first quarter, but when the end of quarter ESPP transaction hit, it was enough to replenish the savings and start ahead for the next quarter.  

So he would replenish the account, after all they owned billions in Manhattan Real estate.

I try to keep six months worth "in the bank" and then continue to set aside these amounts each month with the back-up plan to use some of my HELOC money if a big ticket item comes due before my reserves are replenished.

That one pot of money can be replenished or reimbursed with a Fannie Mae cash out refinance once you have been on title for 6 months or more.

For me, I try to think about how easy it is to replenish that cash when deciding the level of risk I am willing to take in investing it.

Originally posted by Charles Perkins:I was just reading that HUD may expand the 203K program to investors.http://themortgagereports.com/10692/fha-203k-eligibility-may-soon-expand-to-real-estate-investorsI suspect that those loans will be fat with fees to replenish the insurance fund.

If you fall below it, you put 100% of cash flow towards replenishing it, if it's intact, you leave it be, and continue saving for the next property.

Now the supply of deals is replenished constantly through equity being paid down, inheritances, etc. but if the demand surpasses the supply, you will run out of deals.Let's say there's a lake out behind your house that is full of fish.

After closing, you could replenish your $80k to your account and have that same $80k or so to put in a multi family.

If I also assume that I want to have the option of living off of my rental property's cash flow, then it's also important that the expenses incurred over the years do not eventually deplete my cash reserves, which, at some indeterminate point in the future, will only be replenished by the amount of cap ex that I allot from each property's monthly income.