If your roof only have 5 years left and will cost $6,000, reserving $50/mo will leave you very short on that reserve account.

She has the proper documentation which I confirmed with her doctor. 

Probably not.I would put those off first, or at least as big a portion as you can (at $137k a year you should be able to make a dent in these quickly).Reserve your future debts for assets, something that is going to bring in money.This ultimately comes down to a mindset for future financial growth and can set a precedent for future decisions on taking on other debts.Humbly - AK

Hi all,I am in the process of getting my credit and cash reserves where they need to  get started. 

Examples would be building up your credit, getting the most recent tax returns for the last 2 years in the same field, building up capital for the down payment, closing costs and 6 months in reserves so you can use as much of the rental income from the other units as your own income when you getting qualified.

All rentals will be within an hour of Denver, and once we get the process of buying down and we can confirm we like being landlords OOS will become an option.Options:Buy 500-600k primary with cash, then use the remaining balance on rentals.

Would this be considered a reservation fee?

If not, $210/mo, leaving $250/mo of remaining expense budget.Owner's expenses won't include vacancy, and typical assumption is 5%, so that's another $105/mo to reserve, leaving $145 of your budget.Turning one unit per year, will probably be $1000, or $83/mo.  

Sub $1k rentals have a higher % to get enough reserves.

It may not violate the judgment (though you would want to confirm that by reading the judgment).