@Jason Guenther why not:1) Pay off unsecured debt of $552) Get a HELOC on primary for EMERGENCY purposes only.3) Buy a 2-4 unit and live in one unit, rent the rest.

Plus, keep an eye on emerging markets like Greenville and Columbia in South Carolina—they’re seeing more development and interest.I can get you more information on specific areas once you have a more concrete idea of where you want to invest.Let me know if you want to connect and I'll be happy to help. 

I like to have one as a safety net or emergency fund.  

I would also ensure my family has a six month emergency fund for ourselves that is not part of the investment money, since buying your first property puts yourself in a more risky situation initially.

Covid emergency has officially ended but for some reason there is more applicants with bad rental histories that are begging for fresh start.

He explained that as a fairly new investor, 5 years, that if he was in my position he would save the extra funds for his emergency fund or eventually use the accumulated extra money to buy his next investment.

Just for future advise if you have equity in your home its best to get a heloc ahead of time and just have that credit line open similar to a credit card so you can tap in to it whenever needed weather it be to pay off debt, or invest in your next property or for family emergency.

OR should I be happy with what I'm already being charged and not renegotiate.Right now I pay 100% of first months rent for new leases$68 per unit month for management$150 for lease renewal$500 in reserve per unit for emergency repairs (this will add up on a multifamily not sure how I feel about that)$75 in person service12.5% for renovation projects and repairs20% upcharge on evictions last one was ($560 total)Thanks in advance for your help it means a lot!

Class B. in an emerging market.

He told me that he had found it much more useful to save the extra money for repairs, emergencies, or future investment.