Deal Analysis and Cash Rerserves

[Rodolfo Mercado]

Hi,

Looking to purchase first investment property outside Atlanta area (i.e. Newnan and surrounding markets). Ashely from the Rookie podcast mentioned that you should ideally have cash reserves to cover those variable costs like vacancies, R&M, etc. when making purchase. So, if I am looking to purchase something considered rentable/turnkey for this area around 175K how much cash should i have in reserves or should i just plan to allocate X% for each and build up the reserves the way calculator does it by default?