I'm risk adverse so I wouldn't own a property without having at least $10k in the bank cash to cover surprises vacancies, evictions, or damage starting at day 1 on each property. 

Hi Manual,It's all really about how risk adverse you are to the capital being deployed and how far off you are from retirement among many other things.One question to you is how much return are you seeking annually of that 230k in an ideal world??

Would the value of the current property be adversely affected in a quantifiable way?

Other than that, I have not heard any adverse effect.

But with every adversity comes an equal or greater benefit.

Thanks for the analysis Jon, much appreciated.I am however very adverse to financing anything (I don't even own a credit card).

Now, I'm trying to refinance into a mortgage but I'm quickly realizing that my tapped out HELOC has adversely affected my FICO, so I'm kind of stuck.

.- Made a couple of great new friends that I communicate with regularly.Now we are paying for some state-specific investing education because we are not adverse to it but thanks to the BP community I know what we DO NOT need to pay for.

To my understanding, once the marked to market accounting practices are changed the banks will be allowed to sell of a distressed asset at a discount without that transaction adversely affecting everything else on their balance sheet, but only that one asset.

One is located near a new overpass, so we knew its value would rise substantially when that is finished (I think this month).Any landlord not following what is going on in the legislature in Sacramento is making a big mistake, as there are some bills extremely adverse to landlords .