Do we have cash reserves to weather a downturn for any unforeseen reason (pandemic, anyone??)

However, when it comes to my mortgage, I have chosen not to prioritize early repayment, as I do not personally feel the urgency to do so.By organizing my money in this manner, I aim to establish a solid financial foundation, cater to short- and long-term goals, and maintain stability in the face of unforeseen circumstances.

Also, having a lot of cash reserves is a good way to fend off any unforeseen issues.Some backstory - the property I purchased at the end of 2022 was built in 1900.

Another option is to look at the property's assessed value on the county website and subtract the estimated cost of demolishing the destroyed home and any other cleanup costs and 15% unforeseen.

Of course there may be unforeseen circumstances beyond your control that may prevent you from moving in as soon as you like (ie, if the tenant fights the eviction), but in my case the lender didn't take issue with it.

I’ve ran out of money because something unforeseen has come up but because I had some un mortgages properties I was able to leverage one of them and get the money to get me by.

I have some cash to do it but that will run me dry of my cash reserves which I would like to keep on hand for any unforeseen situations.

Because it's a HELOC, that means if need be you have ready access to pull $ if any big unforeseen expense happens, right, so working capital does not need to be a massive amount at this moment long as you have HELOC backup. 

Gives me as much time as I need for unforeseen items2.

To really answer your question, with my first purchase I am just trying to find something that will yield any positive cash flow-enough to cover any expenses, debt service, and unforeseen repairs (easier said than done).