This way, our interest rate is a tad bit higher, but the properties will still cash flow well and we had enough money left over to have a good sized emergency fund in place, in case of any big unexpected expenses.

Meaning that in a life and especially in an emergency they may be faced with making decisions between food, medicine, transportation and living expenses.  

Do they respond quickly for emergencies.

Save for 12 months and put every penny into the next one with no emergency fund other than my 401K and equity. 

There are some standards that lenders will go by with reserves, it has to be at least 10% of the budget in most cases and enough to cover an insurance deductible in the event of an emergency. 

I have my personal emergency fund squared away so I'm good there.

Looking for remodel/finishing work as well as someone for emergency calls/small jobs.

Do a Welcome letter to everyone the day you take over, include who they now make payment to, your contact emergency number, and let them know you look forward to meeting them.As far as leases, you don't want to renew or give everyone same date for renewal, stagger your renewal dates so you won't risk having 3 empty units.

A bit of an emergency...

I find that investing in Real Estate allows my creative side to emerge, especially when structuring a contract or finding valuable resources for financing real estate properties.Currently, I am purchasing as much real estate as possible in this (historically) saturated real estate market.