A reserve is unnecessary, but I still keep around $15,000 - $20,000 in my account.The point is, that you should sit down and assess your finances to determine what the worst-case scenario may look like, how much you would need to cover it without impacting your life, and whether you will need to build a reserve. 

The reality is that low supply of single family properties will keep a high floor for prices.  

A good PM knows enough people and has enough marketing tricks up their sleeves to keep the properties occupied and turnover lowOutside of that, I second Russell's suggestion.

At that point, it is simply cash and you can do what you want...just keep enough to pay the tax man.

If I were in your position, I would keep things as simple as possible and focus on building equity to save money for my next property.

I would need to keep buying property to lessen the burden, but that is why I am asking for opinions

Keep you posted 

I like that area to invest, however it is near a flood zone, something to keep in the back of your head, but not a deal breaker.

Sweet I'll definitely keep asking around, Thank you for the advice!

As long as you follow the rules like lawn maintenance, paint the fence a certain color, keep the house a decent color you'll be fine.