I'm assuming not as long as I personally am still paying the note.4) Accumulated approximately $3k in "safety net" funds earmarked specifically for the house for vacancies/repairs.

I've seen recently in TX:5%-10% gross rents + 50% of one months' rent for new placement (25% is earmarked for tenant's locating agent) + listing what expenses are paid for by landlord and what are paid for by management company.

States then will have to cut money given that in the past was earmarked for  local municipalities which will create big shortages.. 

I also didn’t catch the 7k earmarked for a roof.

Is the $30k in savings all theoretically usable for investing, or is some portion of it earmarked for rainy day/other investing?

I am curious to see all the buildings earmarked and which zip codes  they're located in. 

If you end up finding something else and spending the money you had earmarked for that... then so be it.

I think opting for the 30 year loan and then saving that extra money as an earmark in case the tenant vacates makes a lot of sense.If it's a 10 unit retail strip center for instance I can have about 4 vacant out of 10 and still service the mortgage at a breakeven point with putting 25% down.

And I agree with @Adam Demchik, leave the security deposit out of it until the end as that's earmarked for other things (unless you have a ton of trust the unit will be left in great condition).

@Mana SilvaHi ManaIf you want to save it, put it in your Financial Freedom Account and earmark it only for investments.