I recommend snowballing when you have a 6 month emergency fund in place and can easy pay all of your monthly living expenses.   

If someone calls with a real emergency I don't have to rustle around in the garage trying to gather up material.Leave a water T-wrench at every house you own (irrelevant if you're owning apartments except for the on-site manager).

Emergency fund (4 months or so)2).

When I say that’s all that I do, let me tell you what to expect in the life of a landlord and all that they do. 3 am Christmas Eve Tenants call-Furnace went out.I get up, phone calls made, emergency call, expensive triple overtime to the Heating Contractor, Tenant has heat.

I'd love to hear more about how to save for a downpayment, what sort of personal savings buffer to have, and what sort of reserves I should have for emergency repairs.

Hey BP family I'm new to the community and real estate and was wondering how you would invest if you were me.I'm 25 years old and I already have all emergency expenses accounted for.

I'll have the plumber (or handyman) coordinate with the tenant to come over for a more emergent situation like a main line clog or no hot water. 

For the first year, save all "cash flow" in a dedicated account and ensure you keep it there for your emergency fund.

I love them all.Linens are expensive, and you need three setsGuests are hard on linens, you'll be replacing them on a regular basisGuests will call the "Emergency Number" a.k.a. my cell phone, for stupid stuff like "how do I use the spa?".

What's your plan if there is a maintenance emergency?