Landlord reserves the right to pursue XXX  soon to be ex-wife XXX for remaining past due balance as permitted by law.

Hi Bruce- I'm in the process of reserving a unit at the Austin project, but the Realtors taking the reservations don't have any details on the management structure.

Whatever is 'it' for you guys.You will need reserves, as Chris mentions. 

always plan for a reserve.

Good Morning BP, I have a question about reserve amounts.

It seems the consensus is 30 years and reserve the option to pay down on our own.

Class B tenants usually do not have much in the way of financial reserves; family will often cover rent if the tenant finds themselves in a pinch.Your Class A SFH may appear to be less work initially, but is it only because LLs tend to place a tenant and then ignore the house, as long as the rent checks keep coming?   

This is an example of why cash reserves are a very important part of your investment plans.Home Depot offers a project loan that will be good for a lot of materials and some installation of things like flooring, doors, blinds, HVAC or other mechanicals.  

This would leave you injecting anywhere from 20-30% as a down payment, plus closing costs, and then whatever reserves the lender requires in the form of liquidity.

I could write an essay about this, but let's keep it simple: the Federal Reserve directly controls the short-term rate.