It will begin as an emergency order and inevitably become permanent. 

Prior to Corona, we had one of the largest emergency funds of any state (possibly largest of all states).  

Begin with a small property like a duplex or triplex, build a strong financial foundation, and keep 6-12 months of reserves for emergencies.

If you’re considering leveraging hard money lending (HML) for this flip, it could be a strong alternative to traditional financing—especially since HML is quicker to secure and designed for investors aiming to flip properties fast.With HML, you’re typically looking at covering a significant portion of both purchase price and rehab costs, which keeps more of your cash free for other expenses or emergencies.

The procedure is very similar to 1099-NEC: file it online.

The rules and payment standards vary significantly from one area to another, so familiarizing yourself with the local housing authority's procedures is key.

Originally posted by @Anthony Dooley:@Ali Boone Why would someone need cash reserves for vacancies or emergencies?

So what is the procedure by which to accomplish that? 

While using QuickBooks it is a mind set and you have to accept the process and procedures to use it as a real estate and property management software.

By adhering to our standard procedures, we’re able to maintain consistency and fairness across all tenants, avoiding any perception of favoritism.Thanks again for your feedback!