Just properly reserve/budget for big ticket items.Good luck!

Or you’ll have to have enough proven reserves to cover 6-18 months of PITI.Talk to your realtor, they’ve done enough deals to likely know some good lenders with options.

You can put the low down payment so you can keep more reserves, and you live there so you can keep an eye on the property.

How much reserve capital do you keep in place for your STRs?

But again in the majority of the cases the lender wants to see "Liquid reserves" from one or multiple partners to cover the PITI monthly reserve requirements in order to be approved. 

It sounds like a reasonable deal. tenants needs change so you need to accept that and build up reserves so you are set to deal with a potential vacancy down the road.

A “10 Cap” with no management fee or reserve allowance on the financials might only be a 8% cash on cash return when I run MY numbers. 

With the profits, we were able to become debt free, have a modest savings/reserves, and now have about 30k (maybe 35 or 40 depending on what the hospital wants to charge us for having twins in the NICU haha) to invest in our next deal. 

I charge a commission on the reservation only, while the owners get the remainder of the reservation + cleaning fee and I remit the sales tax on their behalf.

He had to cancel all of his reservations until he can get an electrician.