$25K is not enough, in my opinion, to insure a solid reserve fund.

My question is, should I stop saving for reserves after a certain amount is met?

Actually Orlando got hurt worse in Charley than Fort Myers and I have colleagues in Orlando are still without power now (but they do have phone service so I can mock them).But there's two other fundamental dynamics that might bear some consideration.  

Couple of ways to improve the accuracy of your numbers:Consider adding vacancy as a % (typically 5-10%) because it's impossible to keep all unit 100% rentedNeed to add CapEx for your future big costs (roof, HVAC, etc)Considering adding a reserve for any other unexpected expenses.Keep up the good work!

My Chicago based company offers some management services.  

Honestly paying for a skip trace service & getting a good motivated seller list is your best option

There are tons of companies offering data append and skip trace services.

All I can say is make sure you have plenty of cash reserves just in case your tenants do not pay or there is a catastrophic repair that will be needed.

@Renard Miller I have seen cases where a landlord either didn't collect them or traded services for the deposit.

(Due to circumstance - more so than some freedom walkout retirement announcement)When applying for a commercial loan - I've read that the loan is based mostly on the property's income to loan servicing amount.What impact will not having a W2 have in this process?