Sorry for the late reply guys My grandmother took a nasty slip last week and I had to take an emergency flight back to GA.

The way I see it, I only plan to file a claim for large emergencies.

So you should have that "emergency repair" expense factored into your calculations too in the form of OpEx or CapEx or Maintenance.

I tell them who I am, how and where they can pay rent, how they can communicate with me (ordinary vs. emergency), and that I need to perform an initial inspection of the property within one week.

Wealth is for protection from unforseen events and emergencies.

My dilemma is this: I would ideally like to wait until I have emergency cash reserves to cover 6 months of mortgage payments for all 3 properties.

You can get over 5% on a 26 week TBill on treasury direct while you wait for opportunities to emerge as interest rates continue to correct the market.Be safe out there.

I know it's hard to cash flow today, especially in the A neighborhoods, but would like to hear what you think.ThanksI would jump into emerging pockets, buy when it’s considered a c area and sell when it comes up in grade.

Or you could purchase several properties with leverage in emerging markets. 

My dilemma is this: I would ideally like to wait until I have emergency cash reserves to cover 6 months of mortgage payments for all 3 properties.