Cash reserves per unit
Hey guys and gals,
I just purchased 2 single family houses and a duplex to go along with another duplex I currently own. I'm just curious how much cash I should try to keep in reserves at all times in order to deal with any major repairs/vacancies that may arise. I haven't heard anyone talk about a good guideline for this (i.e., keep X amount per unit in reserves at all times). What are your thoughts??
Thanks in advance!!
Ben