While you might have some stashed away it also might hinder you getting into other investments down the line. 

If you stash $1400 per month away for a few years, the housing cycle will turn over again and you will not only have dry cash on hand, but prices will be lower.

I'm doing my research on areas and going to begin researching to put together a team, but first I wanted to ask is there a certain amount of money you would say you need to have stashed away in savings before you purchase your first rental property out of state?

And if I wait a little longer, I'll just keep stashing away money in the process which opens up more purchase options...Account Closed thanks for the tips on the Cincy market!  

I smile as you are describing what is popularly known as "joker brokers" - the seemingly endless line of in-betweens who all claiming to have direct access to funds or product ownership.  

dont come see me though, cause i dont wanna waste my time with a bunch of jokers.

That stands for Expenses - Maintenance - Repairs - Vacancy - Insurance - Taxes - Capital ExpensesYou'll want to stash money away into your EMRVITC account every month based on your analysis, that way you have the funds when your blind sided by a large repair or taxes/insurance come do.I go into more detail on my 10 Step Guide to Buying and Holding a Small Multi-Family Rental Property. 

Frontier airlines, usually a 3 hour layover but super cheap if you stash your backpack under the front seat and don't care about sitting in the back.  

How much should i stash away for unexpected maintence5.) what do people do when tenants cant/wont pay - i know mass makes it difficult for the landlord to get these situations resovled.

Im looking to buy another property between 80k and 140k but i only have $20k in the bank (that i can spend). my wife and i make about 200k a yr combined so ill have more cash coming in monthly. i put back about 800 a month to add to my stash.