Thank you again for the valuable info.

Great info, but I have to respectfully disagree on investment vs speculation. 

Maybe it's just me not knowing better, but I don't know how much more info I'd get in person.  

@Alex Tahnat Great info!

@Robert Norvell thanks for the info.

Thank you for the Info.  

I need the actual report because it shows prior addresses, mortgages, etc. that confirms info. on the tenant's application. 

I was buying court house steps in fort Meyers  new or near new homes for 30 to 40k cash at the steps in 093. my well documented clients in PHX AZ losing 4 plexs they paid 350k for in 05 and having them go vacant and they let them go to foreclosure thereby ruining their credit and losing whatever cash they had in them.. 2010 they were selling for 100k or less and still vacant.so on and so forth.As long as credit does not freeze the values have been reset .. those that were lucky or smart enough or came of age to be investors and bought in the trough historic low price points historic low interest  many paid cash as financing was still tough.. so as long as they don't drink the cool aid and refi out and leverage up you have the makings of a very strong asset base.. plus all the foreigners who paid cash there were literally hundreds of thousands of homes paid for in cash by Off shore folks.. then add in the half a million or more that were bought by hedge funds.. 

We kind of shrugged it off because this is par for the course at times and we are going to be replacing locks.It wasn’t until we started contacting tenants and plugging in the info from the leases into our system did we realize how chaotic things really are.

I'm not new to investing, but I am new to re-investing cashflow and I haven't found much if any info on what a "safe" amount of reserves would be.