Even 100% leveraged is not over leveraged if you have the reserve funds to back it up.

The well water was reserved for drinking and cooking. 

They need the cash flow to build reserves for WHEN the capital expense is needed.I agree with the other posters that for young investors "House Hacking" (renting owner occupied property) is a great way to start. 

I have not been able to find anything online confirming that. 

Keep in mind interest rates will continue to rise based on the Federal Reserves recent comments just something to keep in mind.  

I got it under the reserve price. 

Also, is there a percentage of cash you would recommend for reserves after our investment for issues?

I always use a minimum of 8.34% (one month rent) for Vacancy reserves.  

You can forget about maintain the home if you rent including the possible capital expense items that may happen before you raise your reserve account used to save part of your rental fees plus you will eleminate travel expenses to keep up with its maintenance and possible capital expense repairs. 

After calling Zillow Group to confirm the inauthenticity of these leads, McAllister wrote a Facebook post warning agents not to fall for such scams.