with a rental its very important because fouled sewage backing into the unit means providing a hotel room until it gets fixed.. and also when we do the rehab we get a much better price than an emergency sewer line replacement.. just those little gotcha things we live and learn.

You will always pay more in an emergency, versus shopping in the "off season".

I also have a friend in Idaho for emergencies.

But I have credit cards with $30k limits at 4% annual interest rates and investment funds in the stock market should I need an emergency fund. 

So I would use the credit card to pay for emergencies, and liquidate the other investments I have which are stocks to pay for the extra expense. 

@Pradeep Bhai: This is an emergent legal matter and it makes no sense whatsoever that you're "meeting" with your lawyer to discuss it at some time in the future. 

Do I step out for the experience and to get started, get a line of credit to cover emergencies, wait for "something better", etc? 

Will it sit in a reserve for emergency repairs or issues?

In the meantime, the peach has switched out the doorknob lock and we can’t enter the unit in case of an emergency.

Like mentioned elsewhere the less rent checks I have to chase down or emergency repairs I have to make the better...