If it's a multi, I may want even more reserves.

I'm assuming others will also want owner to maintain more reserves. 

Don’t expect ANY help federally in the next 5 years regardless of who’s face we’re looking at as PM.

Do you have reserves?

The repair of the flooring will come out of the repair budget but the replacement of the appliance will be out of the capex budget except you will have only a reserve account not 3 separate accounts.

Our reserve fund is pretty secure, and we do not have many repairs on the buildings.

I like to see a detailed budget, executed contract, # of deals closed in the last 24 months, reserves, and middle fico score. 

Each of those years, ~ 35% of income is allocated towards funding the Reserve Fund. 

. $1,305.65 monthly payment.Four 2bed 1 bath units currently rented at ~$750/month, researching rents supports charging $1,000 month rents.Total Annual expenses: $3,920 Tax (actual), $1,000 (insurance), $1200 water (actual), $800 trash (actual), Capex/reserves $2,400 or $9,360 annual expenses. $9,360+ $15,667 = $25,027.Gross Rent- Gross annual expenses ($36,000-$25,027= $10,972)CoC= $10,972/$100,000= 10.97% on current rents or 22.97% at marketMy goal is to get the rents to market.

Hi BP Community,My brother and I are currently putting property acquisitions on hold right now as we try to build our reserves and find really good deals in this current environment.