As the repair work does not qualify as an emergency under California rental law, we will defer the repairs until after I have accomplished the aforementioned.

There's a good number of lower-income homeowners that would just have ended up with a pile of junk in their house because something like 40% of Americans can't come up with $1000 in an emergency.4.

I also followed up our conversation with an email that I needed to be contacted of emergencies immediately as the tenant had initially admitted to waiting to see what happened.

I feel personally leveraged as much as I can tolerate (thanks to primary mortgage), and don't want to go further for the emergency situations, kind of like I find myself in now.

This shift has paved the way for an emerging and exciting investment opportunity: the world of tiny homes.

PM company:Has insuranceHas referencesHas experience dealing with guestsHas a relationship with cleaners and repairmenProvides a 24/7 emergency response numberKnows the laws inside and out to avoid any nasty daily finesIf you want to do arbitrage, you need to be able to advise a LL why you're better than a good PM company. 

In the case of a mail away emergency  or an "at the closing table decision" it's possible to work even more quickly.  

These 2 factors are projected to continue pushing strong demand for apartments and residential rentals.7% of family offices claimed they plan to invest in more office space. 4% in more retail13% are looking to expand their footprint in industrial with 28% saying they’ll maintain their current exposure.Other emerging asset classes were data centers, sustainable food production, and biotech.

Then have the tenants call the non-emergency police line each and every time there is an incident or 911 if it reaches that level.  

Also, ALL liquid cash is tied into a wedding rn, so the refi could also give us a decent emergency fund regardless of the higher monthly payment, which would not be a big financial burden to us.