In my analysis, I usually do 8% for vacancy, 8% for repairs/maint and another 8% for capex (+ (of course) more for tax/insurance/reserves/debt service).

And since I am reserving Airbnbs and a rental car with fixed dates, I couldn't be flexible with changing up my strategy if I chose one approach over the other.

The HOA was registered in 1994, yet they have a whopping $2,900 in reserves!

Commission should be around  2-3%. your only issue might be the reserve funds.

I am in the process of purchasing a motel, and i have a lot stacked against me in terms of coming up with 20-25% (I only have 15% liquid as of today) , rising interest rates, and cash reserves that may be needed in a commercial mortgage. 

After a certain period of time, they don't get counted in your score anyway.When you've mastered your credit, you should save money for both a down payment and for reserves.

Owner spent the maint. reserves and gradually spiraled down?

My favorite is elite, but I want to reserve that for a top tier that I've got planned for sometime in the future.

I'm competing under the team name Wrangler's Reserve.

If you can't control your DOM, your reserves may dry up pretty quick depending on how high you're aiming (most of what I have read has ARV's in the 150k type range, not sure where you're aiming).