Unfortunately i have a family emergency so i am not unable to attend.

Hello all, I am emerging RE inveator looking to perfect her skills.

And probably stress as well. 90k is good for a 25% DP + Closing Costs + Emergency Funds for about 300k (give or take some).

But that part is good to have as an emergency back up system.

A good rule of thumb is to use 20-30% of your savings, ensuring you keep enough for emergencies.

sounds like a good plan, but would get a HELOC on your guy's current primary - FOR EMERGENCY PURPOSES ONLY!

Long terms rentals will have repairs from time to time, but if it is a true emergency, you are going to be calling someone (eg plumber) to come in and fix something, so that is no different than your own home (minus the clean up). 

Hiring a Property ManagerManaging Yourself:Control: You have direct control over tenant selection, maintenance decisions, and overall management style.Cost Savings: You save on property management fees, which can range from 8-12% of monthly rental income.Challenges: Being across the country means responding to emergencies or maintenance issues can be tough.

Every state is going to be a little different in terms of forms and procedures, but expect any buyer who is represented by an Agent to include a request for you to pay some or all of their agent's commission with their offer just like they would have prior to the NAR settlement.

You can contact the law firm who published the info also.Each jurisdiction has it own procedures.