Be sure to read all documents carefully regarding loan terms, fees, and requirements.  

I read a really good blogpost, https://www.biggerpockets.com/renewsblog/2015/05/10/invest-out-of-state-how-to-analyze-a-city/ that talks about a city's Comprehensive Annual Financial Report (CAFR).

Just read this and thought it was funny so I'm passing it on "My luck is like a bald guy who just won a comb":) There's a lot of great info on the site.

From what I have read so far, it seems to vary as to how many months of reserves we need per property, depending on with whom we refi.

I'd recommend reading through The Ultimate Beginner's Guide for an overview on the common strategies used in REI. 

I've read much of Michael Blank's material, as well.

I found this website when I was reading business insider and listening to the podcast on madfientist. 

I've been reading BP on and off for over a year, I have been learning and involved in RE for half of my life 16+ years, never done wholesaling or mailing or anything 'silly', just what a 'normal' real real estate investor would do.

If your deal is set up as I suggested I would be talking to a securities attorney.. they could be in some hot Kim chee...if there is a PPM and 506 type offering then read the fine print  LOL

To date I have prob read close to 100 real estate books and that is still one of the best in my opinion.