You may need to safeguard the collateral, make emergency repairs, pay for legal notices and filings.

Our expertise bridges the gap for these emerging developers and allows them to grow in their capabilities and ambitions.Our goal is to become our partner’s most important partner.

However, they fail to understand that almost 50% of Americans including those who pay in the $1200 and up for rent don't have more than a couple thousands of dollars saved up.https://www.forbes.com/sites/maggiemcgrath/2016/01/06/63-of-americans-dont-have-enough-savings-to-cover-a-500-emergency/#14af5aba4e0dAlso, it is not sound advice at least in my opinion to tell one to lose money on cash flow for years based on speculation.

This change improves privacy and minimizes unauthorized access, but it's essential to consider local building codes and regulations, as many jurisdictions require safe egress routes for basement units in case of emergencies.

You could then get a HELOC/LOC on that paid of property (a product that doesn't require you to use it) and then if you did have a big emergency you had a line to use on it.Now, ALL of this is dependent on how much money you have in the bank, how many properties you have, what your income will be like in retirement, what the standard age would be for your end of life (that's a scary one to think about), and while yes, you can certainly take equity out I just think it would be good to sit down with a financial planner...or even some other investors that are local to you that are around your age demographic and see what they are doing.I'm glad you are thinking about this for sure.  

Keep in mind how most emergency remediation companies work: The actual damage was probably under 1,000 to repair but they charge 10,000 knowing that your insurance will balk at the $10k and contest that amount, then they will probably end up agreeing to pay 5k so.

Are you planning on hiring a property manager or someone who can respond to maintenance emergencies for you? 

You can then compare what you're doing to the PMC and even use the PMC as an emergency backup as needed.

Save up ~$10k in HYSA emergency fund2.

One card you should never use as it is only for emergencies that arise that were unexpected from the flip.You have three days to open as many cards as you want and it will hit your credit score only once.I also learned this from a real estate seminar I attended.