Now, I never buy a property without at least 4-6 months reserves on hand.

It's also how I find deals to buy as an investor as well.

I am glad you highlighted the management piece as this is a crucial part of buying in another market.Excited that you are stabilized and are generating cash flow on that deal. 

Buying a turn key rental, in an area you know or knew well, with a property manager you've met and trust, in an area that is large enough for you to have other options to find contractors and property managers? 

If you ask for a CMA from a local PM, you will be able to make sure the numbers make sense before you buy!

I took quite a break from buying properties and now on the hunt again.

Once you have done it in your own backyard and know the demand of owning RE, you will be much more ready to buy out of state.

So, I don't want to expand that tool beyond what it is today.1) If anyone out there knows of such a dashboard for a small investor (I have 5 commercial leases and 14 residential), please share the information on where I can buy a template.2) If any of you are interested in working together to develop this tool, I am happy to meet and build a wish list for features that we can divide up the work and complete it faster. 

BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

Buy the property with seller finance & finish it up.Tahoe is a great short rental area