Leverage is not an asset when rates are high. 3) No talk of cash reserves - what happens if you have an emergency?

Having contingency plans and sufficient cash reserves is crucial for navigating unforeseen challenges.Hope this helps!

An investment should pay for itself and have enough left over to set aside for reserves.

We live out-of-state and they ended up draining our reserves and now we're stuck with a project that we can't afford to finish.

Leverage private lenders and seller financing to avoid draining cash reserves.

How do you store it?

Only threat is that interest rates go up instead of down; however, the federal reserve has been very clear about rates going down and have already started lowering rates. 

@Justin JohnsonYou need money to get money (leverage) - having an fha mortgage did you put 3% down.Until you get 20%+ down it’s going to be more complex to get leverage and I would argue even if you could get leverage borrowing money with no reserves is a very bad idea

Assuming no reserves, just banking measures your breakeven on cash flow is $2625/mo.

Your savings is good, but your income won't support that many properties if you do them wrong and need to carry 15k min reserves for each one.Focus on what the next property should be, maybe upgrade to a two-family and see how that goes.