What Kind of Account Should I Keep CAPEX $ In?

[Matthew Fields]

Good evening all,

I am about to list my first property for rent in Temple, TX. It is a single family 3/2 built in 2020 that will be cash flowing roughly $500 a month after all expenses.

I would like to invest this money into an emergency fund just for this property and grow that fund to $10,000 before I start putting this $500/month into a different account.

I want to prevent this emergency fund from being eaten up by inflation, while also protecting it from taxation in the event I have to withdraw for a big cost (ex new roof, air conditioner, etc)

Could anyone recommend a good place to park this money? Also, if anyone has dealt with this in the past and has any insight, that would be appreciated!

Thanks,

Matt