We do currently have around $50k set aside for our next downpayment as well (that’s in addition to a $25k emergency fund).

She did not know why the renewal had not gone through, but noted that the property was delinquent on its property taxes.In the letter from RAD threatening eviction, which Anderson shared with The Inquirer, the company encouraged her to register for help from the city’s COVID-19 Emergency Rental Assistance Program and provided a link to the program’s website.Anderson said the house had been newly renovated when she moved in in 2019, but she noticed some signs of shoddy work, like dips in the floorboards and a bathroom faucet affixed to the kitchen sink.Still, she’d had few serious maintenance complaints about the property and found RAD’s property managers to be sufficiently responsive.Deteriorating homesSlaughter, the tenant who was outbid for her West Philadelphia home by Mendenhall, wasn’t as complimentary.

They're good to have open access to capital/cash/equity to a property ahead of time so you can execute a deal or purchase when the time comes on a split second decision (versus having to apply to a loan at that time which might take 20-45 days to get approved/closed/etc plus by that time you dont know what your future income/credit/assets will be like in order to qualify anyway).The second use is sleep at night factor and having a reserve of capital in the event an emergency event occurs in life.For these two reasons is why I use lines of credit.

A good broker remains transparent throughout the process, providing regular updates on loan applications, lender responses, and any emerging challenges.

I am only curious and trying to educate myself on sub to as it seems rather attractive to me as a non-US buyer who has access to emergency lines of credit, albeit, maybe limited to 200k. 

Make sure you have adequate reserves to cover unexpected emergencies.3) Time-intensive - If you live on-site you're a live in property manager on call 24/74) Legal issues - know the max occupancy laws for your area.

Identify your emergency suppliers.

Navigating these delays and organizational instability proved to be immensely challenging.In my own investigation, I discovered that Farraway SG emerged as the new entity managing the loans, with its LLC tracing back to Tel Aviv.

I mentor aspiring/emerging developers in my role as a part time CFO, particularly when it comes to the financial side of real estate investing.

I would strongly advise you to use the service of a property manager who provides On Island Agent service over your cleaner.Your On Island Agent needs to be available when an emergency happens.