Similar to what's recommended for a personal emergency fund.

I have good credit (730+) and solid income.I am currently lined up for a conventional loan with ~15% down, 6.5% rate, and low closing costs but this would use up most of my liquid cash (minus emergency fund).

This money I specifically allocate to different personal funds....emergency fund, Pool fund, Porsche fund, vacation fund, ect...I then buy a rental property for 100,000.

If not - I'm stuck renting for another five years or so (not the end of the world) to save up that cash, while still maintaining a sufficient personal emergency fund as well as a rental maintenance fund.Lots of food for thought here and I definitely appreciate everyone's input. 

Having cleaners is great, but there will still need to be “boots on the ground” people for town inspections, repairs, responding to guest emergencies, taking out trash, etc.

Assuming you do buy and generate $100-$200 a month in cash flow, will you still have funds left over after the down payment for emergency costs without having to rely on the $100-$200 that will come in?

I find it interesting that you list Minneapolis as an emerging market.

When you get that emergency repair phone call at 2am on Thanksgiving day for example, you handle it.

There's plenty of Markets from Western PA all the way to the western border of Indiana that offer great entry points, affordable rehab costs, antiquated houses, emerging neighborhoods. 

They all used one or more mindset methods such as daily visualization, gratitude, and/or meditation to tap into the subconscious mind and drive the necessary behaviors for success.Design Trends: Attendees were also introduced to emerging design trends that can enhance the guest experience and drive revenue.