The way I see it, I only plan to file a claim for large emergencies.

This requires patience when you have a vacancy and it means having money in the bank to cover the bills while you wait for the right tenant.The most important thing you need when self managing is procedures and processes.

So you should have that "emergency repair" expense factored into your calculations too in the form of OpEx or CapEx or Maintenance.

I tell them who I am, how and where they can pay rent, how they can communicate with me (ordinary vs. emergency), and that I need to perform an initial inspection of the property within one week.

Wealth is for protection from unforseen events and emergencies.

I've been through it I know the process I know the procedure I know how to help and I know how to actually have them succeed instead of failing or going back to their old life because they feel like they can't make it because of no help or guidance from that house and also when you don't have food and you're in the recovery house and halfway houses will give you food will have house food sober houses are different because they don't have much food for the house you have to provide that yourself and you don't have clothes it's all very stressful and figuring it out with no help on the outside world sucks but I would only make one meeting a week and the rest of the time I would make them do the nightly meetings daily meetings with the house have it set up where they have to work on themselves daily Yes they do have to find jobs during certain times during the day and be productive and show their productiveness every day and where they applied and what they did and have other programs other people available 10 agencies whatever can be agencies temp agencies to assist in putting those persons in a job right away at least have something to focus on I couldn't find a job in Pennsylvania I applied everywhere nobody wanted to hire me so there's a lot to this scenario but three to five meetings a week is ridiculous because that takes up too much I'm an energy I would focus on another route another way of making them successful and making them educate themselves in another way instead of focusing on the addiction because then you want to go back to using 

My dilemma is this: I would ideally like to wait until I have emergency cash reserves to cover 6 months of mortgage payments for all 3 properties.

You can get over 5% on a 26 week TBill on treasury direct while you wait for opportunities to emerge as interest rates continue to correct the market.Be safe out there.

I know it's hard to cash flow today, especially in the A neighborhoods, but would like to hear what you think.ThanksI would jump into emerging pockets, buy when it’s considered a c area and sell when it comes up in grade.

Or you could purchase several properties with leverage in emerging markets.