We’ve used our HELOC for reserves, but would add that payment to the numbers ran for any potential deal we’d use the funds for.

But according to the VA, I need to have:-Cash reserves totaling at least 6 months mortgage payments (principal, interest, taxes, and insurance – PITI), and-Documentation of the applicant’s prior experience managing rental units or other background involving both property maintenance and rental.I have 6 months reserves, but dont have any experience as a landlord.

A summary of the opportunity is below.2 4bed/3bath SFH offered together for $1.75M.Comps show implied value of $2.4M-$2.5MVery desirable neighborhood of OaklandSeller has offered to finance a portion of the total purchaseBoth homes are completely vacant and recently remodeled (so we can command market rent for all units)Since my business partner and I have recently started investing, we do not have significant reserves to put down $300k+ in a traditional loan package.

or at best barely break even once all expenses, vacancy, and capital expense reserves are taken out. 

While you are building up your reserves, this is a great time to network with your local community- you aren't a wanna be, you have a deal under your belt.

Ill research it to death, researcher by nature.

By having the right verbiage reviewed by a RE lawyer, a wholesaler can stay complaint with the law as well as explain to the buyer the nature of the assignment and what exactly they are doing.#3 Double Close Versus assignments.Simply put, double close to protect the wholesalers & all related parties much better than assignments.

What is CAPEX, and what is the general reserve percentage?

They have the cash reserves, putting the down payment with the lender, but would like to leverage my credit profile to get 90% LTV.

Liberal/socialist policies that favor renters over LandlordsIncreasing taxes and government regulationProperty prices make cash flowing difficultLow-quality rentersOver-crowdingOne natural disaster can shut down the entire stateJust to name a few examples.