Now that you have your personal living arrangements covered , take the rest of your savings and keep some for emergency .  

I have some personal debt (just cars) but a nice emergency fund to cover any what ifs.

One in particular who is very experienced in commercial property would be able to go in, for a fee and figure this thing out and emerge with a clear and fair picture of NOI. 

I saw an application on the city of Destin's webpage about applying to use a property as an STRP, and one of the requirements was that the owner/responsible part be within an hour of the property in case of emergencies, etc.

hey you can typically reach me during normal business hours unless there is an absolute emergency such as a fire, but even then, you probably want to call 911 first."

We also ask them to fill out a form very similar to application to make sure we have all current contact, emergency contact info in case we need it.  

And $80 per month for emergency savings.

Time went by though, we recovered, our careers (both full-time) are now stable and we have about 70,000$ waiting to be invested (this is in addition to emergency fund, retirement through employers, some college money, etc). 

This is from memory, and is loosely derived from Dave Ramsey and his Total Money Makeover.We set aside savings until we had a sizeable Emergency Fund. 

*24 hour emergency contact person - I'm reading through Big Bear Lake city code for transient rental registration and I see that we need a local person to list for emergency contact.