Usually your reserves for those categories will range from 25-30%, although maintenance & capex should initially be minimal since the home is new.

Need to update my counters..lolA good strategy that may save you some money, is to check a local recycle store.

Because I have no cash reserves to start something like this, this would a way to get my self in the game with buying property.

What can happen if I decide not to meet their reserve if they ask us to increase our offer?

My team hasn't set up any STRs in the Dominican Republic but we had acquired some STRs in Costa Rica which we had thought we're going to turn out well but we had a few issues to note:- Cashflow issues: Since we are basing our reservations on another currency we couldn't charge as much as we were hoping for. - Finding a Good Team: Since there is a language barrier in place it was much harder to communicate with any cleaning companies/property managers we found. 

For example they say they use a special proprietary mold remediation serum that they spray to eliminate any mold growth, but mold armor from the hardware store/ bleach is the same stuff basically.

This is is a very good area and would actually live in 1 unit, so 3-4k negative cash flow for living expenses is ok, as any house w mortgage would cost that.https://docs.google.com/spreadsheets/d/1tfbjOlyVsGW3nHLVPk_R...Key questions/assumptions:- Total for this deal in cash is 300k, anything else (reserves, renovation loan etc) would need to be a bridge loan or hard money- 1 unit is vacant and current rents are VERY under market, projected rent is what seller gave as realistic.

Face it, it costs money to run a government and provide services, and have reserve capacities on standby to do things.

Bonus points on the fact they keep it in stock in store.  

Minimum credit score, down payment, closing costs, reserves?