They have enough money for reserve, What are the major factors behind it?

They need to do their due diligence on the tenants and factor that information into the deal (leases, how many people per unit, etc.).

Also, a little capital can be subjective depending on a variety of factors.

The only " what if factor " is the annual insurance.

Every day of the week has a difference amount of the demand in an area every month also plus the demand changes based on events and tons of other factors.

The nationwide factors that are driving the market apply mostly across the board, and a slack market likely indicates a very large downward trend in that area caused by an outside factor you don't want to deal with.

The condition of the unit is one factor in determining the effort, but the tenant can be a larger factor.  

This does not factor future partnership deals with Cash Providers/private money lenders, just the deals we can do on our own at this point.

At 1/8 share, that's about a 45 days or a month and a half max factoring in 365 days in a year.

Where are you getting the market value and does that factor in all upkeep and upgrades that need to be done to the property?