With the latter, you can expect meaningful guidance with respect to your usage of the plan.Ultimately, that last piece is the critical component.  

But compared to the $1,000 (or $3,000 with water extraction damage) emergency repair, that's a good deal.

If you allocate those funds into another property does it cover that potential loss you would be taking by extracting the additional money?

My goal is to start investing out of state where I can do much more with my money and afford to pay a property manager, cash flow in a more meaningful way, and generate passive income to subsidize (and maybe eventually replace) my W2 income. 

Our best has appreciated ~$4K/month over the holding period (21 years).As for difficulty extracting value, I am not going to say it is as easy as cash flow that gets put into the bank by the tenants, but it is not super difficult. 

You'll need to share more specifics to get more meaningful feedback.  

In Beckley, WV, there are strong extraction, healthcare, government, and service professions, but most people see WV and only think “extraction.”

Since my field of work is the embodiment of the word:"instability," when the economy takes a hit, I have been gathering information about meaningful ways to diversify my sources of income; furthermore, RE investing has always interested me, and I believe I have the proper motivation to make it work.I have been doing quite some reading and studying about the topic online, podcasts, ebooks, etc. but I would like to take a more meaningful step towards achieving something more concrete.

Looking forward to building some meaningful relationships! 

But, that gets meaningless if you have only a small amount of cash invested.But "profit margin" isn't very meaningful.