I consider myself to have low risk tolerance.

As far as next steps I think you just need to consider your short and long term goals and introspect on your risk tolerance.  

As with all real estate investment scenarios, it depends on your situation, risk tolerance, and the tradeoffs involved.   

Like most would say on BP, It takes hard work, good due diligence, and a decent amount of risk tolerance to do well in this business (mileage may vary). 

It's all up to one's risk tolerances. 

I understand your risk tolerance and it makes complete sense.

And usually a 2-3 year deal would be a "deal breaker" for me.Now to answer your question: Every investor has a different risk tolerance, different financial situation and financial goals.

Will depend on several factors like the type of property, type of tenants, your risk tolerance, other assets you own, your estate planning, laws where the property is located, etc.

With the rate of inflation compared to savings rates, you're basically paying the bank to park your money there.Everyone's risk tolerance and definitions of a decent emergency fund is different though.

.), how much capital do you have to invest (barrier to entry in some expensive cities) and what your risk tolerance is.