Hi Dylan, I believe it may be best to get your credit and emergency fund ready before investing in a property.

Buy something in class B neighborhood or emerging class C neighborhood with higher cash upfront low leverage to ensure you have enough cashflow in worst case scenario and see how it performs.

You'll need a lawyer to generate the paperwork and filings and experienced enough to give you general advice on the process, help you establish appropriate compliance and back office procedures.

It may depend on if you want a more formal procedure, or added protections such as all the inspections that go along with a traditional sale.

We have a chuck of cash stores to keep us going for a while as emergency if needed.

I don’t have money saved up except an emergency savings fund.

But I'm also producing good cash flow, which I plan to first save and build a good 6-8 month emergency mortgage fund for both my rental property and my primary residence.

MaryDo you have an application where they state whom to call in the event of an emergency?

The demographic is higher-income, and there is a robust increase in building permits for multi-family structures, suggesting a readiness for upscale, possibly expansive living spaces that could attract premium prices.Specific Focus: Scottholm area offers lucrative opportunities with 4+ bed houses selling for $300K+ in the past 6 months.13206: Emerging Market for AffordabilityTarget more affordable, multi-unit or single-family homes.

@Viral Mehta why haven't you already implemented these procedures to test them out while you are still local?