After buying one property how soon can you put yourself back in the market if you do have enough reserved for down payment/closing cost? 

Our attorney told us the average judge doens't have the time to research all laws and will just go with the flow and award deposits to the tenant.Better off calling it a nonrefundable Holding/Reservation FEE:)- Fees are understood to be nonrefundable.

I would say you would want at least $10,000 in reserves in case there are vacancies, maintenance issues, etc.

Most will reserve until.  

If it is later in the project, and most of the money is spent, well that is where reserves come in (hopefully those aren't blown through).If you have more time than money, you go in and do work that you would prefer to have hired (i.e. cut new beds and put down mulch yourself versus paying the landscapers...).

Lining up back ups (back up contractor, PM, extra reserves) won't hurt as well.

So that I find out doing my own calls to find out why the offers was denied even was just so close from asking price and Im willing to go with second offer, I found out that the place has reserve litigation issue and my agent who I rely on and keep emphasizing how we need to work smart dropped the ball again on me and didn't due enough diligence even he claims he knows how to do property searches etc etc which made me feel its an extra that he has, it was very sample to just ask the listing agent so not to waste my time neither his sending unnecessary contracts...

If you use the $14,000, will that leave you without sufficient reserves if the AirBnb thing doesn't pan out?

@Anna DoumkinaIt’s going to be very challenging getting a lender to do one property with that low of a down payment - so start with 1 before trying to buy 5-10Section 8 properties also have a lot more maintenance so you will want to make sure to have adequate reserves as well

What will your need for reserves be generally, and for each property?