Plan for Economic Downturns- Emergency Fund: Maintain a cash reserve to cover unexpected expenses and vacancies.- Diversification: Diversify your investments to reduce risk, including different geographic locations and property types.Your excellent credit score, lack of personal debt, and existing portfolio put you in a strong position to expand.

That pot of gold you are eye balling for 2060 is only a few natural disasters, recessions, market melt downs, health problems or unexpected emergencies away from expurgation.

My thoughts:  The HELOC might be a good emergency fund, but basically it is a large credit card.  

Long term investment capital and “emergency” funds to endure when things don’t go as planned.7.

A few days ago it was looking pretty decent, but then we had a guest cancel a 7 night stay in June due to a medical emergency.2024: June 26%, July 58%.2023: June 70%, July 51%We donated a 3 night weekend to Isaiah House for a fund raising raffle so I didn't include them in the June 2024 numbers.  

I'd discuss if I have a spare key for emergency access.  

This is an emerging market for sure. 

For an emergency fund, the HELOC on primary is really useful.  

You need a bucket of cash for reserves, emergency repairs, or leverage to find/buy/create a good deal.

But, when there is an emergency you are sure glad that you have been paying all of those years.