Deeded land within Spokane tribe reservation.

Keep a reserve for any emergency that pops up (I'll explain that below).

You maybe forced to liquidate if you dont have enough reserves.

The reserve bid is meaningless when fannie mae is the owner.

So with the 3 properties running dry for 3-4 months our reserves were wiped clean.

I know cleaning fees have increased and Airbnb is also more challenging in terms of now threatening you with $$$$$ fines if you cancel a reservation for any “avoidable” reason, and also taking the guests side sometimes when they break your stuff like your hot tub (by leaving the lid off) or your air conditioner (by leaving the door open).I also want to say that you should be making offers on at least 50% of the houses you go tour as str investments.

This path takes a little bit of cash/reserves, but it is the easiest way to turn someone with no usable income into an A+ profile for a conventional loan.

Or are they reserved for actual brokerages.Any guidance would be appreciated!

My cash reserves at the time were in the same ballpark as what you have now.I ultimately decided to mortgage up.

Do you have a reserve?