Never have met a reserve yet.

You may have already checked into this ... or maybe have reservations about using one, but in my area, there are companies who specialize in this.

However, make sure you include a reasonable monthly CapEx reserve, in case you do have to repipe or make other large repairs.

Running a title search would probably confirm if the property is included in a bankruptcy. 

Who holds the cash reserves?

What are your reserves?

@Adrian Chu makes some good points.Let me add that the extra full bath can help you if you're looking to market to folks that want a roommate.Having one bath for every bedroom opens up many creative options.And, as a side note, pay close attention to the HOA's reserve study to make sure it's well funded.

If rentals , confirm the average rent for the area - if flips - then find get a local agent to help you run some comps so that you can determine your after repair value.

I coach all US states  lease options, subject to, wraparound mortgages as ways to control property or buy property without banksSandwich lease options since God Frank I have a recommend you think about looking at other ways to get on title in Oklahoma If the tenant does not pay you, you need reserves to pay the seller on time while you getting rid of the bad tenant.    

Do you have reserves set aside?