initial cash reserves

[Dimitri Paspalaris]

I am thinking of setting aside 10k in cash reserves for my first investment property after all of the closing costs and possible repairs needed to get the property rent ready. Is this too much or too little? Thanks for the help. I am also putting 25% down payment on the property. 

[Paul Doty]

Hi @Dimitri Paspalaris, I'm interested to hear what you did and how things are going. I'm working on my own plan for cash reserves and looking for input. On one hand, I'd like to be prepared for anything comes my way. On the other hand, I don't want to spend the next four years saving and prepping for a 'worst-case scenario' which may never happen.

Was $10K as initial reserves enough? What curveballs and unexpected events happened and how did you deal with them?