Low income tenants were very difficult to deal with, because they simply didn't have savings and any emergency resulted in them using rent money, with the idea that they'll catch up before the eviction was finalized.

We give you a dedicated line for your tenants to callWe diagnose if the issue is an emergency or notWe troubleshoot the issue with our own team to try and get a fix done over the phoneWe will get a contractor out to the home asap if we can't fix the emergency on the phoneIf it is a standard request, we'll email you and see if you want us to send someone out to fix itIf you think a service like ours would save you time and hassle please reach out.

Keep your cash hand on for emergencies and opportunities. 

This is the sum of purchase price plus rehab dollars plus the 6 months house payment money plus a 10% to 20% emergency reserve for unexpected extra rehab costs popping up in the rehab process If you don't even need to use to 10% to 20% emergency fund then the loan reduces at the end and you don't borrow it.Example :  purchase price = 100,000 + 50,000 for rehab and 15,000 for reserve and x months of piti= 165,000 so 3.50 % down is then $ x5775.00HomeStyle is an alternative but on a 2 to 4 unit it is 25% down.

Right now we are in the process of saving a large emergency fund. 

You need a good source for local landlord tenant laws, a  reserve account for the unexpected, setup a payment tracking system, find a handyman, set expectations with your tenant about what constitutes a valid emergency, have the tenants sign a "walk through" list with photos of the condition of the house, make sure they have renter's insurance, 

The next day they called the city and electric company to inspect it as an emergency.

@Tony Sawah I would be careful about overextending yourself and not having any money saved for unexpected emergencies or extended vacancies.

It can serve as an emergency fund and allow you to be more aggressive with your other cash savings and assets.

Then you have your own capital as an emergency fund.