I wanted to take a moment and a get a pulse on what everyone thinks is a "safe number" for liquid cash reserves (aka your rainy day fund).

Making reservations today.  

This is also taking into consideration, a 25% vacancy factor.Conforming Loan Look UpFor the SuperConforming Program, here is some of the general criteria that must be met:1-4 Unit Primary Residential Property or 1 Unit Second Home95% LTV700 Credit Score Required$3,000,000 max loan amount9 months Reserve RequirementNo Mortgage InsuranceMax DTI 45%

I certainly reserve the right to be wrong about stuff  ;) I only converse the way I do to be a permanent devils advocate.

@Vincent Provenzano I would imagine you would need at least 20% down, and then you would need to show at least 6 months of operating reserves as well.

*I would suggest having a reserve of 20k or more if you are doing this on a house of 150k or less and having more for reserves if the house price is higher.

@Evan EvansI think maybe get into a 2 million multifamily20% down (400k)Closing costs and have about 60k left for reserves.

I’ve looked at a lot of deals in those markets and I’ve yet to see a $150k price range property, this year, listed on the open market where a newbie investor can positively cash flow the property, when accurately considering the costs of rehab/make ready, true vacancy allowance, correct taxes, insurance, management, leasing commissions, repairs and reserves.  

@Darrius Harris do you have enough in reserves that if everything goes bad, you won't need to try to fire sell the property just to get out of it?  

My IBC policy is a reserve fund (Fannie Mae requires 6% of unpaid balances if you have enough loans), an escrow account for income taxes, property taxes, and hazard insurance premiums, and a place to set aside allowances for vacancy/repairs/capex.You might watch some Truth Concepts videos on YouTube.