Two more years before it's expiry time, hahaAnyway Grant Cardone speculates that your salary needs to be $360K a year in order to save adequately, invest adequately, have an adequate buffer for emergencies, have fun, and truly not be concerned with money/how much things costs.

No, that is what the government is supposed to be doing with at least some of my taxes already-- providing adequate and effective programs.

But there is always the slight possibility that you get a crazy tenant that says your house has mold and it hurt their lungs forever, someone randomly gets attacked on your property and says you did not provide adequate protection, you discriminated against them.

I would suggest you save until you have @30% down payment find a deal that cash flows minimum 8% Don’t forget after the first rental save enough to cover repairs and capital expense replacement make sure you have adequate umbrella insurance.

Did I mention this will be a recourse loan, do you still feel 2-5% is adequate for this? 

If you don't have adequate reserves you will always be behind.IMO, you need to save more money. 

We don't have anything close to adequate medical capacity without containment.

Adequate reserves, got it. 

. $14K is by no means an adequate capital pool for investing in Rentals.

If you are investing and made disciplined purchases that perform well as rental and you are not over leveraged with adequate cash reserves, then I am quessing you can probably weather what ever storm is ahead.