Assuming you are spending the $10K to fix stuff immediately (I would), your Cash On Cash return is only about 5.5% before CapX reserves.  

My full 203k had a contingency reserve for 10%.

Dealers additionally play a self-governing role, to confirm correct functioning of securities markets.

The reserve should be enough to make the lender whole, meaning they get at least the minimum they want or the auction sale does not happen.

I was not aware that I had to have 6 months of mortgage payments in a reserve for every property I owned investment or private.

They also look for 6 months PITI reserves on primary and 2 months for every additional homes.

Typically you see people reserve 8.3% vacancy, 10-20% repairs/maintenance/cap ex; 8-10% property management in addition to things like insurance, taxes, any landlord paid utilities, lawn maintenance, etc.

Cash reserves.

Also keep in mind a lender is going to want to see reserve funds in the amount of 2 months for your primary residence and 6 months for the investment property.

It's not like I can make a video of a testimonial with an agent/broker confirming that this stuff is legitimate.