My credit is good, but I just sunk a lot of cash into my current project and I don't have the reserves I now require. 

I belong to DIG (diversified investor Group).They have monthly meeting and have speaker and talk about real estate.There is one new week in Phoenixville next week.The fist meeting is free.You can find out on meetup.com or go to DIGonline.org.Thanks,Joe Mulcahy Thanks for your input Joe, you have confirmed some of my fears and it what you/re saying makes a lot of sense.

Let them know they can run a background check to confirm you're not a violent felon sex offender that owns 5 pit bulls for fighting, etc as they will want something like this before allowing you to buy anyway.Exceptions like this can be requested by the Manager to the Owner and will typically be "okay."  

If you'd like to confirm that your policy has the right loan provisions, I'd be happy to discuss with you offline.I can introduce you to other Bigger Pocketeer's (who are not agents) and can confirm the brilliance of what you are doing.

Have money in reserves to pay the monthly bills and Pay on Time - Late payments can end the low promotional rate.If I need 40k for a flip (10k from 4 cards)...I deposit them all the same day. 

How can I obtain another property without having to save for a year or so to meet 6 month reserve requirements and down payment?

Its best to have cash reserves for personal and business needs.Do you have them?

It actually confirms my statement.

Follow up question/confirmation: I'm thinking my initial offer to get it under contract will be 70% ARV.

As a first time landlord like I will be soon,I can understand your worries about not getting it rented fast.How much cash reserves do you have on hand to pay the bank in case of extended vacancy,one month,three months?