If you leave the area, the issue becomes managing and taking care of the property when emergencies arise and you are not local.

Allows me to take advantage of RE deal or stock market correction when they happen or any emergencies that pop up.  

You have to pay $20,000 down to purchase each home and you should have a reserve account to cover emergency maintenance, vacancy, or other expenses.

Hey BP friends,I’m curious to hear how other investors approach emergency funds/cash reserves for their properties.I’ve been keeping individual cash reserves per door, but as my portfolio grows I’m having a harder time stomaching the idea of chunks of cash sitting and not earning interest.

Here are a few articles on top performing markets and research on how to pick a markethttps://www.biggerpockets.com/member-blogs/10145/68178-top-real-estate-markets-to-invest-in-through-2020https://www.biggerpockets.com/member-blogs/10145/83188-finding-emerging-markets

Here are a few articles on top performing markets and research on how to pick a markethttps://www.biggerpockets.com/member-blogs/10145/68178-top-real-estate-markets-to-invest-in-through-2020https://www.biggerpockets.com/member-blogs/10145/83188-finding-emerging-markets

Major medical development project coming to Mass.

You’d be better off taking a HELOC out on the property now so it is available as an emergency fund for risks like this.

We have money for down payment, closing, rehab and emergency funds for the property. 

Even better, emergency costs are shared by all the residents in the building, reducing the cost of repairs.As investors, we like investing in apartments as opposed to homes.