Another part of the settlement is reserves for me to build out the west and east parts of my fences 2 feet north to the new soundwall.So renters will now have a soundwall in their backyard - not great to look at, but it replaces a view of a fairly busy road and the neighborhood across the street. 

Here is what I have in my Homeaway/VRBO rental agreement that everyone agrees to when they reserve my house.If anyone has suggestions for improvements I am open to them.

I did some research and found the reserve amount was $7,000. 

Thank you so much for raising all these issues, once i build up a decent money reserve my plan id to do rehabs on my own so wholesaling is a mean to an end anyway, ate least for me!

Cash reserves are very important.

Gift money and private unsecured loans cannot be used for down payment, closing costs, or reserves, on an investment property.Note that once money has been in your account for >2 months, no one will question where it came from.See if you can read what is written in between the above two lines.

I typically check to see what permits have been drawn if any in the last few years, do a title search, see what price it was foreclosed for because that will be likely close to the reserve if there is one.

Something I had used was Down Payment Assistance to leverage as much as possible so I could have a little more reserves, and I generally was comfortable with having that amount of leverage. 

Keep money in reserve for capital expenses.

I don't want to use my cash all at once, because I want to keep my reserves high.So I'm looking at ways of getting cheap cash.