Its rents are significantly below the newer stuff, so I think we have a cushion there.  

If your light on cash you may want to learn how to wholesale or buy and flip first so you can get some working capital and a cushion.

The job I left was well paying and I had some cushion w/savings and my wife working a teacher position (nothing fancy).  

This is why lenders often stress or require 6 months of PITI liquid in reserves per property so that you are more cushioned should you have a longer or higher vacancy.  

My spreadsheet for the property included an initial capital infusion at the outset to create a cushion to absorb unit turn overs, cap ex, etc until flow could catch up.  

If you are a beginner don't listen to people in different situations do because you don't have the experience to pull of what they do nor the Finacial cushion.

There is nothing set aside as a cushion for when life happens.

Hi All-If an investor follows the rules of thumb that bigger pockets lays out (2% rule, etc) you can ASSUME  that there is a large enough cash flow cushion to absorb any risks in the property.

My net profit would be right at 10% of ARV, so not a huge cushion...

One had financing issues but had enough equity cushion to pay back the loan and accrued interest, one (equity) had the exit extended and preferred return reduced, and another is unable to make some payments due to a fire (they have insurance, of course, which will reimburse them).