Do this until you are able to build up a nice cushion in your back account and then start investing your earnings into rental properties or get into rehabbing.

I want the financial freedom to travel and have the extra cushion to do fun things in life!

When I started the budget I gave myself a one month cushion to absorb any fluctuation. $525 a week is my entire family financial freedom #.

But if it's only going to take 1 point for each inquiry that doesn't really matter, because like you said I still have a 25 point cushion before I fall out of the best rate category. 

I use 5% as a safe, conservative number just to leave myself some cushion in case unforeseen items come up.

They are based on the following formula: After Repair Value - Rehab Costs - Closing Costs - Carrying Costs - Cushion for Overruns - Profit Margin = Max Offer Price.What you need to determine is what the value of the property would be after all the work is done and then back into it based on the repairs needed.A home inspector is there to find hidden problems like appliances not working, bad electrical work, leaks, roof issues, etc.

If you have enough financial cushion or portfolio that can cover you through the dry times, it would be nice.

It takes longer to buy my properties because I’m relying on savings and current cash flow, but having that cushion of equity is nice.

Anyhow, the reason I say 40-60k is because I would love to only use 40k if I could and keep the other 20k as a cushion, but 60k is the absolute total amount that I have.

We want to have a cushion for other expenses/repairs that pop up early on.