My tenant had a medical emergency several months ago and is now in a long term living facility (simply put, she can't be on her own).

It allowed him to keep the money he was willing to use for a down payment for emergencies, which made life as a homeowner less stressful.

@Chris CoreTo find cash-flowing properties for your first investment, focus on house hacking with an FHA loan, finding properties with rents that cover your mortgage payment, using real estate investment tools like BiggerPockets, and analyzing deals in emerging markets with strong cash flow potential.

Property managementSet aside emergency money for CAPEXEach unit has its own electric meter so the tenants will pay that on their own. 

This leads to the problems worsening, and I end up having to hire an emergency technician to handle the repairs.

They seem very similar in that they handle emergency and non-emergency maintenance calls and, critically, even dispatch contractors/service-people with minimal intervention from me.

If it means hiring local people, (I.e. cleaning, handyman, someone to act on your behalf in an emergency,) then where does that leave you if you’re only in it for a co-lister’s cut?

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.

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.