I currently am in debt by almost $55k, almost $27k in student loan, $11k in credit card, and $18k in a trailer that I had to buy for an emergency (dad’s place he was renting caught fire).

. - Management and resources..operate it like a hospitality business with very clear communication with guests and reliable crews both for cleaning and emergencies. - Consider guest amenities, house rules..hot tub..pet friendly etc- TLC.

I want to use the rent to help me build up a larger emergency fund, to the tune of $20k more than I have right now.

Likely you want to keep that for emergencies. 

Hi Everyone! Me and my spouse wanted to briefly introduce ourselves, our company, and share our ambitions with the BP community with hopes of learning more about how to achieve our short term and long term goals as we...

Save up excess capital from working until you have at least a down payment on a house and a reasonable cash cushion for emergencies;2.

If you survey the landscape of coaching program graduates, a consistent theme emerges: those that "make it" tend to have the drive, curiosity, passion, grit, relience and focus to weather the journey... 

She applied for ULA Emergency Rental Assistance Program with the contract that I've never signed.

So if you have need for a liquid emergency fund for your health, I don’t think you should play with that portion by buying properties. 

Occupants need a means to escape in an emergency.