I also have reserves for my rentals that can handle 1/2 vacancy for 2 months. 

We are not worried for our job security, and we could afford the mortgage regardless of the other unit being rented out or not, but our closing costs and down payment would leave us with about 4 months reserve.

We are lucky that the government stimulus package will help us with the immediate expenses, but that is not all we can do.On our side, we have called the office of the president, our state reps in the Federal government, our state elected officials, even our local officials to add our voice to the effort and push for some relief (soon!).

I'm wanting to start an LLC and purchase more properties with cash reserves that I've built up over the last several years.

I know for a owner occupied we found Hiway Federal Credit Union will go 100% LTV... including at least duplexes...

This situation is difficult for me because it occurred while I was in the process of getting my reserve funds in order and working to obtain private money to invest in multifamily properties.

•Massive unemployment = selling and foreclosure (eventually, not initially)•Increased supply/declining demand = lower prices/buyers' market•Those with capital reserves will buy at significant discounts for cash•Savvy investors without capital will buy on great terms •Retail priced value add/flip properties will have to sell at smaller margins•The paper market and buy and hold investors will be on hold until the general public can afford to make payments•Capital might be sitting on the sideline for a whileWhat does your crystal ball say I'm missing here?

They usually have multiple investments, including real estate, their home, a job, stocks, and often small businesses.We polled our audience, and 75% of the people polled say they have over 3 months reserves (if ALL income dried up). 60% have over 6 months.

Send anything my way if you are an interested seller.)I won a number of auctions online and all were rejected by the bank for not reaching the reserve or the minimum they want to make off the property. 

After the housing bubble of 2008 the federal government implemented a first time home buyer credit of $8000.