Depending on the type of strategy and the financing, reserves can also differ - whether it's a short-term rental, mid-term rental, conventional, DSCR, etc.In general it would be:downpayment + appraisal + title fee + escrow fee and prepaid + lender's feeFor rentals, you would usually be required to have cash on reserves for a certain number of months worth of PITI - typically anywhere from 3-12 months.

You could offer this as a service to the communities you are in to generate extra cash flow.

. - I usually like to see that gross income is 3x the rent, no prior evictions, 650+ credit.

They usually have a good "beat" on who needs space in the market and at what locations.

Since you put only 35K down, and your brother pays you an extra $500 for the rent, he will pay his portion within 35 months with no interest on the money you lend him - 17.5K(half downpayment).

I don’t usually care when they end.

With my home now valued at $1.35 million, this could translate to $1 million.With the $1 million, I:Cancel the construction loan ($600,000)Get back initial land investment ($200,000)Reimburse the interest paid on the loan ($60,000)Plus,  I'll have an extra $140,000 .In essence, I not only recover my entire investment but I also put some money in my pocket.But the story doesn't end there.

Google maps is my go to for getting an idea of the property and the neighborhood. usually a couple minutes will display the condition of the area and neighborhood.Also, if you are working with an investor focused realtor usually they can book a showing for you and take videos of the space and any concerning items.

In my area I usually see the MTM option $25-$100 more a month depending on what the rent would be.

The likelihood that a PML lends on a deal with no capital invested by the investor is rare and get even worse when you start using strategies like OPM and the like as these deals are usually over-leveraged and can lead to serious repercussions for those that have that "skin in the game".