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Updated over 11 years ago,
Having an emergency fund for repairs etc. 50% rule....
For some reason I do not like the thought incorporating the 50% rule when looking at cash flow etc.
Id rather just have a large enough emergency fund and deal with problems when they come up and not include that in your normal monthly numbers etc.
Assuming no property had any major foundational issues, how much money do you think would be good to keep in such a fund?
Also, excluding the repairs what % do you think would be good to deduct for expenses? 20-30%?
I am not even sure if I worded this right. Hopefully you guys get what I am talking about.