Dentric, my recommendation is to have reserves in place prior to investing in real estate.

The market in my area is currently a sellers market so I’m liquidating to have cash reserve to pick up when things start to go down this fall with everything happening.

to get an idea of how deals are found and how different types of deals are structured and financed.In my day job, I'm a Business Systems Analyst, so numbers, processes, and working with data come naturally to me. 

This is also even before you account for any reserves for expenses such as potential vacancy rate, small monthly repairs, or large repairs like capital expenditures (like fixing the roof, HVAC).So I notice when I try to do these calculations on properties, I can almost 100% of the time afford a triplex over a duplex, even though it seems like it should be the other way around, BECAUSE the additional rental income of the 3rd unit really helps lessen how much I would have to pay for a mortgage.

Even if it's turnkey, all it takes is one unexpected event that your reserves can't handle and there goes your cash flow for a year plus.

You have enough to take down the deal and some in reserve for the unexpected.

All, of course, being educational in nature and not legal advice! 

If an applicant meets all of our requirements except one (everything looks good, but they have a 580 credit score, for example), then we reserve the right increase the deposit requirement.

Natural or LP gas and who is going to pay for the conversion.

Also thinking to have it property managed by Vacasa, which takes a moderate commission, but could be worth it since they handle everything from reservations, guest support, cleaning, and everything in-between.Would love to hear your thoughts and experience on this strategy!