Reserve Accounts

[Anthony Nelson]

I am in the process of working on my 3rd and 4th deals simultaneously. Both are single family homes that I will be renting to college kids. I also own two 3-family homes, one which I live in. My question is what do people normally like to have for reserves in there accounts. I have been thinking that 5k per house would be sufficient, but 3 of the houses also have new mechanicals, new roof, and new siding, so my capital worries are much less.

Any input would be greatly appreciated.