Keep in mind, even with the rehabilitation facility as a source of tenants, you'll need time in between tenants to make rent ready which means you aren't getting paid.Overall from a cash on cash perspective, it seems like a good deal with room for the unexpected.  

When you do narrow down your goals and figure our which investment is best for you, make sure you do keep a little bit of that cash pretty liquid to cover unexpected capex costs and other expenses - never deploy your last penny, always keep a reserve as a safety net.With a solid profit already under your belt, you're in a great position already.

I work with flippers and I am there finding the properties, evaluating comps, walking thru with the client and contractor and then working with the investor to formulate the best possible deal for them and taking into account a cushion for the unexpected.

I wouldn't recommend it to someone new however I have seen enough people come, tinker around checking light switches, making sure outlets are grounded, etc and not finding an issue that I pass on the cost. 

Thanks for reaching out. Let's

Lol on the testing out. Let

Different small outlets have them for sale but I am just wondering the success rate people seem to have or if they are not any different than standard absentee owner mailer data.

You need a write down each and every monthly bill you have...even small bills... and also an estimate for monthly unexpected incidentals.

My question is how much should I save for the unexpected issues with buying my first property?

I  have some reserves for unexpected maintenance and I don't want to use this for my third purchase.