Therefore, it can be said that for each sleeping room, there must be two emergency escape and rescue opening.A bedroom ceiling needs to be at least 7 ft. tall.

Whether that's for routine maintenance or emergency repairs.

There is roughly $275k left on the mortgage and its value is est $430k.We have a brokerage account w $300k that considered as discretionary investments because we also have 401k contributions and emergency savings.Our options we're reviewing:1) Do nothing.

Unless there is an emergency situation, take a lot of photos and call your insurance agent before doing any repairs.

As a PM, I'm authorized to make emergency repairs without owner permission.

For any value add project, the primary evaluation is based on the numbers.Provided you have trustworthy teammates for the renovation side and a competent agent on the valuation side, you'll perform no matter the location.It seems your weighing factors that relate more towards long-term investing and where your asset will appreciate the most.In respect to emerging markets, you'll want to use characteristics like population growth, employment growth, safety trends and path of progress.

Ask your employer if you can have your pay split up into three deposits, one to investments savings, one to your checking account for personal use on a daily basis, and one to an emergency account you can tap into so you don't have to tap into your investment savings.

For example, should we focus on acquiring one high-quality property in a strong market, or would it make more sense to spread the investment across multiple lower-cost units in emerging areas?

But most people also realize that money is usually tight and many people don't have $400 for an emergency let alone a bunch of extra money to put against their mortgage.

You'll want to identify what locations interest you most (likely by zip code).Things like population trends, price to rent ratios, median income trends, school rankings, employment trends and crime trends can all the evaluated by zip code.All the locations mentioned have emerging markets.