Reserves Needed for Conventional Mortgage- 2 rental properties and new home purchase

[sdanaher]

What is reasonable to expect for a reserve requirement for:

1) A rental I own and have had continuously rented fo 3 years

2) A home I am currently in an WILL rent, but won't have a track record of rent income (nor do I intend to include this or need to include it for a DTI purpose)

3) My new mortgage

How many months per for each will a lender require - and I understand the requirement is PITI + HOA for each.

Thanks!

[ShanetheMortgageMan]

I assume you are talking about purchasing a new primary residence. 

Depending on how much equity you have in your current primary that you are planning to convert to a rental you'll either need 2 months PITI for the new + that home (if you have 30% or more equity) or 6 months PITI for the new home + that home (if you have less than 30% equity).  You shouldn't need additional reserves on top of that for the other investment property you have.