(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.

Are there any emerging markets that I should be looking into that fit my budget? 

The simplest emergency puts them out and they’re late on rent again. lol.

I have the reserves in place for the 5% down payment, 15K for emergencies, and have no debts!

My advice is to buckle down and save enough for down payment, closing costs, and emergency/rehab fund before you make another investment.

Your idea to utilize AI for simplifying the research and management of deals sounds promising, especially in a dynamic Dubai new developments, where new projects like Dubai Creek Harbour and Palm Jumeirah are constantly emerging and require vigilant monitoring. 

These minimums are helping me with gather my 6 month emergency savings,  and growing my net worth overall, and I don't find myself wondering when the next paycheck is coming. 

The switch you turned on is your emergency shut off for your heat, the light switch for the cellar is in behind the fridge in the first floor apartment.PHEW!!!

It also increases the chances of something going wrong like the economy going sideways, emergency repairs (need cash asap),  or the FED increasing rates.

For example, I have a small HELOC on one property I keep as an emergency reserve and to take advantage of occasional opportunities that pop up.