How Large of a Safety Net to Have When Making Your First Deal

[Matthew Prokey]

Hey everyone,

I am just getting into the real estate game (hopefully soon). I have done a fair amount of learning up on my own but in your opinion how large of a safety net is reasonable/necessary to have after making your first deal. I am looking to hopefully score a duplex or triplex in the future. How much would you suggest having in the bank after the deal goes through and I have paid the down payment and closing costs? 3 months expenses? 6? An entirely different metric? While on the subject, any tips for ensuring (as best as possible) that I am able to secure a tenant(s) into the other units as soon after closing as possible?

MP