Turnkey & recommended cash reserves

[Powell Chee]

Hello BP,

I have a question.  I am interested in purchasing a turnkey rental out of my market and I'm looking at providers in cashflowing markets.  I wanted to know how much in a cash reserve is recommended on these types of properties?  Basically, how much cash should I have on hand for emergencies.  Is it a certain % of the purchase price?

Thank you,

Powell