Build up a bank balance including emergency funds, money for a down payment and reserves for spending on repairs and maintenance on the investment property.

Should I break down in hours, emergencies, showings....etc.

We just closed on 6 lots in an emerging market. 

They only use option number two if they cant find any on their own or its an emergency response recruiting agency (one where they are informed of and must leave for the assignment in less than a week) in this case housing, travel expense is paid for by the company.

If there is any break in their voice or any inclination on their part that they will "try" or "maybe", I flat out say "just be straight with me, was the rent sent or not". 100% of the time the answer is yes, and 100% of the time that's been a lie.Its amazing how bank accounts are hacked, checks are lost, mail isn't collected/lost, fraud happens, medical emergencies occur, etc exactly 1 day after rent is due, but the other 30 days of the month nothing ever happens.

We texted a few times and I found out he is coming here for an emergency repair job on the heat exchangers of the cat unit at a local refinery. 

However, an essential exception emerged in the 1990s, allowing specific rental income to be categorized as non-passive.

Most management contracts have an Owner Approval Threshold where the PMC doesn't need owner approval to do the job (unless an emergency).

Many restaurants are understaffed so I suggest picking up as many shifts as you can to bring in more cash for down payments and emergency funds. 

New to RE investment and my Goal is Asset Appreciation.Personal info : No debts , Emergency Funds in HYSA, paid off primary home valued at roughly 700K in today's market.