*Cash reserves are everything and finding the right balance is an art.

For risk tolerance also consider your cash reserves and your ability to weather a bad tenant or large repairs.

Are there public records anywhere I could find to confirm his claims?

probably 20-25% plus some reserves if the land needs electrical or fencing, etc.Let me know if I can help

I agree with Scott MPlease confirm that is a law in Maryland : tenants ___ how much timeframe to offer possibility of purchasingPrequalify official letter : ?

I am not sure how close you are to the ten limit, but also be aware they increase cash reserve requirements as you scale so that is another consideration. 

The condo is in Margate, FL.I am about to make an offer, but there some problem: Since the condo doesn't have a 10% of reserve, the lender is asking for a 25% down.

If they are interested, I would then speak to your attorney to get the details of how it would be designed etc. but I don't want to pay an attorney before getting some sort of verbal confirmation that a wrap is something they would consider.

@James LaFarrTypically, reserves of $250-$350 per unit, per year are held for future capex items (roof, parking lots, updates etc.).

I often explain to my newer investors that they need to have cash reserves and that their first investment isn't going to bring them thousands of dollars in their first month.