Do you have any equity in you existing home (if you own it) so you can leverage a HELOC to use as an emergency fund?

Following are what I see as patterns emerging from the podcasting space & some things to watch out for:How much true substance is provided on air?

IMO it is perfectly acceptable to throw a couple grand from a strong W2 as a temporary plan B into the mix - as long as the portfolio is small that will go a long way in an emergency.

Additionally, Gilbert and Chandler have emerged as strong markets for short-term rentals, benefiting from a combination of year-round tourism, a family-friendly atmosphere, and proximity to major attractions.

@Robert BishopTo prepare for your first real estate investment, build a strong financial foundation with a credit score of 700+ and an emergency fund.

I allocate 20%-30% of profits for growth while keeping enough for emergency reserves.Plan for Taxes EarlyDon’t forget to set aside funds for taxes.

When contract is about to reach 5 years, i plan to make some upgrades on the property and ask for re-finance, hopefully pull out some equity and get a fixed rate mortgage.Let me recommend a backup with emergency fund (equivalent to 24 months operating costs).

I was able to replenish emergency fund money I had to dip into for furnishing, was able to pay off a hot tub, was able to replace 2 garage doors and paid for a larger repair this year.

Thankfully, my wife is still working, and we have a few months’ worth of emergency funds to cover our expenses.

You'll have the cash in an emergency, and when you have enough,  pay off the house at once, if that's what you want.