Obviously there is no crystal ball which can predict how the job market reacts in the event of an unforeseen catastrophic event like the GFC.

Real Estate investing is not my full time job, therefore, making sure that I can cover expenses in the event of unforeseen "disasters", like COVID, is essential.

I want be prepared for unforeseen expenses and circumstances so that I can mitigate risk, but I should do what I can do build my portfolio, so that when the day comes when I just want to use my cash, I can :)It's all a balancing act. 

Ofcourse, if there is a bigger unforeseen expense, then that cash flow is washed away..  

Most businesses do find a limited liability company sufficient for their needs, as it often may provide adequate shield from some (hopefully), unforeseen liabilities.

We decided to pause on our project for now due to unforeseen circumstances but seems like a feasible option.

Having a specific allowance for unforeseen conditions  is great .

They want: clients that pay on time; don't spend a ton of time haggling over pennies; don't ask for/expect freebies to be thrown in "while you're in there"; don't expect a level of workmanship or material that differs from the quoted job; don't use their good faith quotes to window shop to 10 other contractors to save $100; will work with the contractor when unforeseen circumstances/emergencies arise; don't nitpick over things that don't matter.

I am a realtor in Cincinnati and I always say 50k saved is the minimum, especially for multifamily. 40k DP(200k PP), 5k Closings Costs, and 5k for inspections/any un foreseen repairs.

An investor should provide themselves with enough margin to safely cover unforeseen errors or events (e.g., a recession, capital expenditures for repairs, or tenant property damage).Solution: The majority of the forum members are against your real estate due to "speculating," whereby an investor bets that the property will appreciate more quickly compared to their losses.