While we do have very high crime areas (and sadly news stories about them) our great city is a melting pot of people and opportunity with pockets of very nice mixed into areas that are not so nice.

So she called the fire department and said that she left a pot on the stove. 

I set up my reserves as follows10% to Vacancy10% management even though I self manage now, later I will not.10% repairs 10% to Capital expenditures I will pot this money until I hit 10k reserves, this will cover most any expense that hits.My buying criteria is that after my reserves and Piti, I need 100 cash flow per door.Hope this helps.

For your linens, pots & pans, cleaning supplies; just buy from Wal Mart. 

I will add a $5,000 loan to his pot.

Wouldn't the commisions for the agents come out of the 100,000 that I'm putting into the pot?

My recommendation is to offer him a few buck to move out and tell him that you understand that he is going through a hard time and see if he can voluntarily move out. 

If I can stretch my pot to buy multiple, would be the ideal situation.Thanks  

currently we do about 500k in  a low month to 1 million  a month in this paper and I would say 75% of our clients are moving from landlording to being the bank.. they dig the cash flow just don't want to deal with the tenants any longer.. plus you don't need to be accredited you don't get pooled  into a big pot.. pretty cool alternative for placing cash today other than sitting in the bank.. but their are lots of other places to put money realively safely that is not tied to real estate if that is what has you worried.

I do have a "pot of money" for reserves but it's a lot more than $5K.