Unfortunately i have a family emergency so i am not unable to attend.

I was planning to buy my 4th property soon, but depending on how this goes it may have to wait.For the LTRs: does anyone know if FEMA or other governmental agencies help tenants with rent payments in an area with emergency declaration? 

A good rule of thumb is to use 20-30% of your savings, ensuring you keep enough for emergencies.

But that part is good to have as an emergency back up system.

Long terms rentals will have repairs from time to time, but if it is a true emergency, you are going to be calling someone (eg plumber) to come in and fix something, so that is no different than your own home (minus the clean up). 

And probably stress as well. 90k is good for a 25% DP + Closing Costs + Emergency Funds for about 300k (give or take some).

Hiring a Property ManagerManaging Yourself:Control: You have direct control over tenant selection, maintenance decisions, and overall management style.Cost Savings: You save on property management fees, which can range from 8-12% of monthly rental income.Challenges: Being across the country means responding to emergencies or maintenance issues can be tough.

sounds like a good plan, but would get a HELOC on your guy's current primary - FOR EMERGENCY PURPOSES ONLY!

Save an emergency fund before buying another property.

Partnering with a local real estate agent or connecting with other investors in the area can also help you get a better feel for specific neighborhoods and emerging opportunities.If you need help with financing options for your project or want to discuss strategy, feel free to reach out.