I have some reservations about even going to these meetings just based on what I have seen in other articles on the web about this guru, but there may be networking opportunities that I may not get in other places.

I have my eye on one property that had met the reserve at the end of the auction but is back on the market less than a week later with the same list price.

Call me naive but wont another crash not be  great time for those with strong cash reserves to make some great purchases assuming they will not require financing?

Once I have paid the property off, I might reserve one unit for my personal use, since I have always wanted a home at the shore. 

As of right now I have enough cash to cover the down payment but not to show the reserves needed for my other properties. 

You have to have the reserves in the bank to get financing today.

Where should I put my capital reserves?

I get a title policy paid from the title company that ensures I'm really in first position.Your credit and cash reserves do matter.The deal itself matters a lot.

The Fed is trying to add liquidity to an extremely fragile credit market.See article:http://finance.yahoo.com/banking-budgeting/article/104605/Fed-Pumps-More-Money-Into-Financial-MarketsMost people think that the Federal Reserve's primary role is to set interest rates.

If money is tight now and you use most of your cash reserves, you will have no room of errors and risk being in a bad spot.Considering electricians make pretty good money, here's what I would do.