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.

Main questions from here:  Is a coaching experience worth the high price tag?  

I loved the BP Ultimate Beginner's Guide, but I'm also wondering, have any of you created similar documents to help you remember valuable information?

Not worth trying to cut out the leasing commission to do it yourself.

But in this case it might be worth doing.I could send you a handful of folks I talked to and know, including the person that did mine (although not sure they do sub $100k loans).

Never worth doing things half-***.....

Remember, every expert was once a beginner, and the real estate community here is incredibly supportive and knowledgeable.Looking forward to seeing where your wholesaling journey takes you, and I’m here if you need a sounding board or just want to bounce around ideas.

Is it even worth is to have an LLC then if I'm going to scale this way?

Remember, referrals are the fruits of the trust and reputation you cultivate in the industry.

So, I typically go right to that with my argument and show them that AFTER my rehab the property will be worth LESS than the current assessment.Also factor in the "common level ratio".