Beginner investor's personal finance picture

[Ray Shaffer]

I am currently building a plan to start my REI business. I am curious as to what are people's opinions on debt, emergency funds and cash reserves before getting involved with an investment property?

I think credit card debt is probably the obvious category that needs to be kept a little to zero balance due to typically high rates, but what about auto loans?

Personal emergency funds and investment cash reserves, are they viewed one in the same? Is there a recommended amount that should be saved before taking on an investment property?

I am very eager to get started but I want to build the strongest foundation to avoid falling into any financial pitfalls. I appreciate everyone's opinions and advice.