I will draw a distinction here that there is the topic of having an emergency fund for your business(each rental property is it's own microbusiness) and a separate emergency fund for your personal budget.

Yes, all three might be present in the same property, but all three are distinctly different.Real estate is full of realtors that will tell you the sky is red and somehow get you to believe it.

The cutoff between calling a 5 unit+ building "commercial" as to distinguish it from a 1-4 unit is an arbitrary distinction and has no place in evaluating the investment for your own purposes.

I wish you nothing but the best of luck, but you may want to factor local flavor (aka the good ole boy system) into your plan.Mike

HML have their place but Crowdfunding has distinct advantages that John mentioned.

Can we draw out those distinctions?

Developing this skill unlocks your growth. 4) Unless you aim bigger and start with a cross functional team, you won't develop the skills in the business to grow. 5) You need 5 distinct skill sets in your team A) finding deals B) deal analysis C) raising capital D) construction and operating management E) sales and marketing.Some people say "I'm a contractor, or I'm handy so I'll start rehabbing houses".

Do yourself a flavor flav and get a hipster property today.

It was my first day of work at a livestock auction outside Adelaide, Australia, & I distinctly remember the old guys talking about JFK's assassination.We didn't have TV's but it was on the radio between weather & stock prices all week.

There are two distinct definitions of "value" when it comes to selling a house:1.