The people with bigger portfolios here tend to advise building up a cap ex reserve that will cover your big surprises, but eventually to treat it like insurance. 10% each seems like a good first buffer, until you have the reserves.

Feel free to confirm and assist in those numbers!

I’ve did a couple of reality shows, one of which was realty based, and can confirm that it is in facets scripted.

If it's worth $46,650 (I would get a realtor to confirm that with a CMA) then you can offer an option at $42k.

If you want to have monthly speakers and topics, find and confirm that speaker. 

You then use the remainder of your HELOC as your reserve fund as needed.

Don't over leverage and buy properties with a decent return and keep a rainy day reserve.  

This is the sum of purchase price plus rehab dollars plus the 6 months house payment money plus a 10% to 20% emergency reserve for unexpected extra rehab costs popping up in the rehab process If you don't even need to use to 10% to 20% emergency fund then the loan reduces at the end and you don't borrow it.Example :  purchase price = 100,000 + 50,000 for rehab and 15,000 for reserve and x months of piti= 165,000 so 3.50 % down is then $ x5775.00HomeStyle is an alternative but on a 2 to 4 unit it is 25% down.

Do you have money for reserves?

Thanks Aaron...Do you also know if the lender will want to see several months of cash reserves before they will refi?