One has debts totally $1.8 million including maxed out cc at 19%; with their only asset being a $125,000 401k and $10,000 in “emergency” savings.  

Potential next steps would be for a data provider to emerge similar to AirDNA for medium-term rentals to take on this growing opportunity.

If the market is volatile or has peaked, selling and reinvesting in a more stable or emerging market could safeguard and enhance your returns.In your case, if your current property has high equity and market conditions are favorable, refinancing might allow you to tap into that equity for other investments while still benefiting from potential appreciation.

Finally, in case of an emergency requiring urgent attention, please contact me on my cell phone anytime at (###) ###-####.I thank you, Mr.

I can get there in case of emergency, I know the market, and its less "risky" I guess.

I am going through the eviction of my tenant due to non-payment.We had the judgment pay and stay from the judge, but the tenant submitted an emergency appeal to the judgment. 

You will also need money for closing and an emergency fund. 

Although communication makes an owner feel good, especially when an owner wants answers immediately, it does little for their bottom line if you don't have the other two (Integrity and Execution).I think all the PMs here agree, however, that there is no quicker way to piss off an owner than leave them hanging when they perceive* an emergency.

You won't be incurring these every year..I think you should sit down and just run the numbers for the next 12 months, taking into consideration only what you expect to spend to operate the property, expect to spend on maintenance and a buffer for emergency repairs.

Quote from @Jackson Ebersole: Hi Piper,It's always smart to flip properties in-state, and I'd like to share some updated insights on why this approach is beneficial, especially in the New Jersey area.Lenders typically feel more comfortable with in-state flips because:You can manage the rehab more easilyYou have better knowledge of local real estate trends and valuesYou can respond quickly to issues or make decisions fasterThere's a lower risk of fraud or being taken advantage of by distant partnersI can help you with recommendations for the New Jersey market:North Bergen: Continues to show strong potential, with average profits now around $150,000 per flip and a gross ROI of 85%.Willingboro: While specific flip numbers aren't available, the market remains active with a gross ROI now averaging around 130%.Gloucester City: Still a top performer, with gross ROI hovering around 180-190%, though still on smaller profit margins.Irvington: Home values have continued to rise, with a 20% increase over the past two years.East Orange: Has seen steady growth, with home values up by about 16% since 2022.Paterson: Experienced a 14% increase in home values over the last two years.Additionally, Jersey City and Newark have emerged as promising markets for flips, with strong appreciation rates and growing demand.