(Fortunately, we were insured)Emergency Fund: Always have extra cash for unexpected events.Tenant Support: Keep good communication and support your tenants through tough times.Final ThoughtsThis July 4th was a disaster, but it’s also a stark reminder of the unpredictable nature of real estate investing.

Sewers to me are a foreign concept as I've been fortunate to always be on city water and sewer. 

My wife and I were fortunate enough to reach financial freedom just one year after making our first ever real estate investment.

He has given me permission to build an investment property on this land which I feel very fortunate for this potential opportunity.

I haven’t had to deal with credits for repairs yet as I’ve been fortunate enough to have had the sellers complete them before closing.Thanks for the clarification!

And then, ironically, you quote Warren Buffet who made his fortune in stocks, not real estate.Like Warren Buffet, I believe that the US is the land of opportunity but I believe that, in the US, investing in the stock market is vastly superior, as history has shown.

Hi Navid-To start, I am sorry to hear about your father's dementia.It is fortunate that you were able to sell his business and he invested in 6 investment properties in California 10-15 years ago and he and your mother are living on the cash flow from those.You now are thinking about expanding your father's investment real estate portfolio because California is so expensive to live for them but don't have the same experience and confidence being new to investing.This is an honorable goal and you are right to be cautious and thoughtful.You asked about whether you should cash out refinance each house or borrow against all houses to get downpayment for new properties.

Obviously the husband recognizes that the other two are not financially dependable .Fortunately they never put together four complete applications.

Join my mastermind.... " pffttt...I was fortunate though.

They seem like the gurus that want to coach you for a fortune.