Currently about 50% equity on our personal residence and with continued grind we can have our personal mortgage paid off around 1.5 years.Currently have a $23,000 HELOCLiquid emergency funds of $16,000 Where would it be wisest to apply our money, both on hand and the extra we earn after expense.. with $10,000 being our minimal amount for emergency fundsThank you greatly, -Nathan

Our tax accountant advised the 1031 exchange feeling our property might be at the peak of the market and if we buy a four plex in an emerging neighborhood we could then get the gains on that property.  

Congrats on working through unimaginable personal challenges to emerge stronger than ever before. 

I am looking for a property manager in the area to handle rent collection, routine maintenance/landscaping, repairs both normal and emergency, evictions if necessary. 

I am looking for a property manager in the area to handle rent collection, routine maintenance/landscaping, repairs both normal and emergency, evictions if necessary.

All mine seem to go out at the most inopportune time, and in many cases it is so hot here in Texas it really is an emergency to get it working again.I would lean toward replacing the windows over the fence, but honestly I'd probably try to find the money to do both.

Of course, things break unexpectedly and off-schedule, but this gave a good idea of what non-emergency reserves "should" be.

I figure its better to make a little less to possibly shorten the vacancy time.In about a year I should  have enough to put 20% down on my next property and have a cushion for emergency repairs on my units.

1 year of rents is what I keep in reserve for emergencies.

I just recently posted an article about this on BP: https://www.biggerpockets.com/blogs/10145/66160-how-to-identify-emerging-markets