It will depend on your preferences and how well you think you will tolerate having a room mate as you approach a new life with your partner.

I admire the rulers of Dubai for their vision and ability to put those into life.

However, her life changed and she only stayed for the first year.

Hey Zachary, I've lived in Alabama my whole life and my whole family has been in real estate.

What I was referring to was that I know two private lenders who have the borrower complete the Deed in Lieu documents at the Closing of the initial loan and then hold them in escrow during the life of the loan.

What you can learn from this and show them can set them up for life.  

But as a new investor, sometimes this advice leads you to only have cheerleaders in your life.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

Find one that fits with your life and how much effort/capital you have.

A reserve is unnecessary, but I still keep around $15,000 - $20,000 in my account.The point is, that you should sit down and assess your finances to determine what the worst-case scenario may look like, how much you would need to cover it without impacting your life, and whether you will need to build a reserve.