However, they fail to understand that almost 50% of Americans including those who pay in the $1200 and up for rent don't have more than a couple thousands of dollars saved up.https://www.forbes.com/sites/maggiemcgrath/2016/01/06/63-of-americans-dont-have-enough-savings-to-cover-a-500-emergency/#14af5aba4e0dAlso, it is not sound advice at least in my opinion to tell one to lose money on cash flow for years based on speculation.

If you can handle that kind of discomfort, I'd recommend moving to an emerging market and house-hacking (that's what I did).

A good broker remains transparent throughout the process, providing regular updates on loan applications, lender responses, and any emerging challenges.

Identify your emergency suppliers.

Then be disciplined enough to NOT use it except in an emergency situation like above.

I've built a pivot table of brand name vs. cap rates per state, and I am starting to see some of those patterns emerge.

If you buy an EV, you have a large battery sitting in your garage that can be used to power your home in an emergency.

I would strongly advise you to use the service of a property manager who provides On Island Agent service over your cleaner.Your On Island Agent needs to be available when an emergency happens.

Just up your insurance to an amount that makes you feel comfortable.Do recommend getting a HELOC on the house BEFORE you move, so you can tap the equity in case of EMERGENCY only:)

I have zero connections in NC, but if by chance something emerges, I'll let you know!