How much money do you think I should save for reserves in case of an emergency or if work needs to be done?

I still have questions and reservations about the tenant part but love the prospect of cash flow, and small growth of equity over time as well as tax sheltering.Here's where I am today:I am married and we had our first child in July.

I want to know cash reserves and experience level, exit strategy, and then we decide if we had to take the property back as a last resort, would we be comfortable that we'd get our money back.So most of what J Scott uses and none of what Bill Gulley mentioned.

However, you will need 20% down, closing costs, plus reserves.

The Bank of England, the European Central Bank and the Federal Reserve have all flooded their banking system with enormous amounts of liquidity in recent months but what has happened?

They can accept the short sale, release the lien, and reserve their right to pursue the deficiency as allowed by law.

It’s really too bad.This is going to sound equivocal, but I do think that the federal government and the Federal Reserve need to put their best minds to the task of understanding what is happening in our economy right now, and what can be done to preserve the prosperity of our citizens.

If your income and reserves don’t meet the lender’s standards you will not get the loan.

I agree with John Gullickson that the lender is probably not even going to check for occupancy, but they certainly reserve the right to do so.

We have a little cash reserves.