They spend everything they've got to make their first purchase so they have nothing saved up for the unforeseen issues that always pop up and they're still practicing the same bad financial habits they always have.It's beset to have a strong foundation with good credit, an emergency fund, etc.

Next the Reserve board seems to see a boogie man in Emerging Markets which is interesting as I had not thought about that but see their point after reading the minutes.

Only time we allowed tenant to laps on rent for long period was one tenant had medical emergency and was in the hospital for nearly 3 months (obviously no rent). 

I am available 24/7 for them to report emergencies so I think it's reasonable to expect them to respond to me within a week.If they don't respond within a week, visit the property to verify someone is still living there.

@Gilbert Dominguez I have a certain amount of reserves I keep for emergencies with the property.

Work with my insurance now to make sure they cover temporary housing costs due to displacement from emergencies or condemnation of the bldg.Thanks for taking the time to read.

Now, different story if you are saying your dedicated real estate purchase funds can't swing 3.5%+closing costs without dipping into your emergency fund.

What if you need to take some emergency leave for yourself for a family member?

The roof is the concerning part; Down payment would not tap me out and I would have plenty reserved for emergencies; When it comes to my schedule, I am going to shore duty so I will have a lot of time to self manage and that is what I want to do.

Have been through something similar.With regard to the other two, closing is not scheduled until after FLORENCE passes so that’s an interesting problem set as well and one which I am open to advice as well.My family is safe and out of the area, and I will be manning the emergency operations center on base (I’m military) until we get the all clear to poke our heads out.Thanks in advance.