In addition, some of those fire victims can afford to pay top of market price for homes. 

@Jason Wray Thank you very much for this response ..I’ve never sold one of my rentals before feels like I’m cutting off a leg and paying close to 100k for cap gains is really starting to eat at me 😵‍💫Any chance you would be so kind as to send me a link to something in the ballpark of what you’re suggesting this way I can get an idea of area and what this type of property could look like!

Also, the idea separating them is so you don't accidentally spend them and then no way to pay it back when the time comes.Some states if you don't refund the security deposit within X amount of days, the penality is that you will have to pay back the security deposit x2. 

I’ve seen people buy land thinking water was covered only to find out they had to pay 6 figures to get water re-routes or upgrade pump stations.

House hacking is a great start since you're paying rent already.  

I guess really you’re not paying it, the owners are.

You are honestly way ahead of the pack already simply by being willing to start learning about this topic in your early 20s.

If the damage is minor, again I think the tenant can simply claim the quality of the appliance was poor and they have the door-seal quality issue to further back up this claim.

I own a billboard easement in Hardin County Texas. 14k VPD that pays $3k per year.

You can put your license in referral at most brokerages and pay no fees and still be able to do referral business.