It is also close to down town, allowing easy access to stores and restaurants.P.S.

We have reserve funds, but if we do not have rents coming in, we are going to have to tap those reserves. 

I have a little reserve on hand.

So this happened because it was a one night reservation?

Does that number include healthy reserves for repairs and capex? 

I know obviously there are certain things that go into it such as credit score, amount of debt, or how much in cash reserves I have but if all of those were flawless could the max be 75%.

It is best practice to save one month of rental income and use that as your reserve fund for potential repairs.Seasonal expenses: This is perhaps the most commonly overlooked area of expenses.

The federal reserve started doing stimulus months ago and already spent more than during the housing bubble recession. $1T is the tip of the iceberg as far as what is going to be spent.

So keep some reserves to ride out the storm and hopefully we'll all be excelling on the other side. 

Unless you have a 6-12 month reserve for your portfolio, you might want to scale back on maintenance and non-essential spending.