I'm pretty sure he means your investment goals, your day to day income, what is purchase price, what are your reserves like, any debt with purchase.

A scheduled once monthly ACH for net proceeds after reserves to the owner. 

To me the whole point of REI is to generate wealth, but if cash flow is your only source of income and that gets drained by capex and reserves faster than it comes in, you are looking at a money pit.Once you understand this and see it, you can't un-see it.I am not here to bust dreams, so how can you make it work with cheap houses? 

Brokerage if you have 6 months of reserves can be extremely rewarding.

I should note that my husband continued to work full-time, which was additional peace of mind but he didn't/doesn't have to work, he just loves his job.I think the biggest myth is that you have to be a millionaire to be financially free - I wasn't, but because rental income covered/s my living expenses comfortably and we had ample reserves, I was still just as financially free as someone making millions.  

I have the cash for my new purchase 20% down plus some more in reserve.

And always good to have reserve $$ for those unknowns that can come up from time to time.Were you happy with your hard money lender?

I do not have enough reserves to close on multiple properties, I would not want to wait for probate.

Of course your accountant will counsel you on the amount of cash to reserve  in the dissolution for the final tax liability.  

Hi all,I had saved up about 50K for a downpayment and have approx. 75K in other investments as reserves but made the mistake of switching my employment to all self-employed last year and I was denied a loan because I can't prove current income till I file my 2016 taxes.