If 10% is sufficient, do that and keep the remaining money as a reserve or for your next investment.

Make sure to do sufficient market research prior to jumping in...especially if you are considering STRs. 

Just curious how long you project to be a sufficient amount of time and data to ascertain if your projections of appreciation hold to model? 

Your primary insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.

If a defaulting taxpayer has more than one item to be sold, as soon as sufficient funds have been accrued to cover all of the defaulting taxpayer's delinquent taxes, no further items may be sold.

My savings are falling short after my home purchase so I need alternatives that can be implemented right away (ie I don’t want to wait 5+ years to have sufficient savings to only then invest in rental).Any feedback is welcomed. thanks 

Using Bitcoin and cryptocurrencies to purchase real estate and, perhaps even more importantly, creating Smart Contracts or Tokenization to record real estate ownership etc… comes to mind.

For those landlords who take security deposits in City of Chicago, is a separate business bank account sufficient for the security deposit or do I still need to set up the special landlord account that requires all W-9 paperwork from tenants etc?

The FHA self sufficiency test is the so difficult for the north side of the city and parts of the west and south sides. 

If you don’t have the right temperament and sufficient cash reserves, you should consider selling the property and investing proceeds in passive type investments.