On the previous loan I did, UW required 6% of global UPB in reserves in order to fund (when I had fewer properties it was 3mo PITI in reserves)... at that point refinancing my note holder out would require more capital than buying him out at the market value.  

It's the Federal Housing Finance Agency's House Price Index. 

Both federal and state politicians continue to stick their fingers in our business with various regulations.

They give you no screened applications and leave you vacant for months, while looking for the diamond in the ruff tenants.5) They ask you to put money in a reserves account for any maintenance that comes up.

My real estate agent hasn't led me wrong before, and she responded to this concern with "many renters are not able to purchase due to lack of credit and available cash reserves", but isn't that the definition of a risky tenant, and how many of those renters can afford high rent (this is 30% higher than the median rent for Deltona)?

My real estate agent hasn't led me wrong before, and she responded to this concern with "many renters are not able to purchase due to lack of credit and available cash reserves", but isn't that the definition of a risky tenant, and how many of those renters can afford high rent (this is 30% higher than the median rent for Deltona)?

. $90k is an incredible price for the Quad, but, with bank financing wanting 25% down ($22.5k), closing costs and having money in reserves, it would unfortunately consume all the capital I have.Being young and of still limited capital, I naturally want the highest and best use of my cash. 

There are situations where I would not buy a house based on the septic being undersized... such as, if the septic file says "No Reserve." 

However the auction is over, Hubzu website says the reserve was met, but there is still the option to place a backup bid. 

I worked with Allanach Mortgage through the Somerville Municipal Federal Credit Union, the best little credit union in Boston.