And because summers are hellish, any kind of AC problem is considered (by the tenant) a light-threatening emergency.

No matter what you still need something left in the bank for emergencies.

It's a good option for owners that do not live near by, and already have boots on the ground to assist with emergency maintenance responses and housekeeping/turnovers.  

OK, so I understand A/C maintenance calls are supposed to be emergencies.

From my perspective, I should have access to the alarm code for the same reason I am allowed to enter the property (emergency, future showings etc). 

But it's always good to have emergency funds on hand and hoard cash as the market you're looking at is dropping in price.

Decision made, Peoria it is.We secured a home equity line of credit on our primary residence of $17,500 just for the sake of emergencies.

Kind if like the $20 Tylenol dose at your local emergency room

Hi friends, So, it's been recommended when looking to buy multi-family in an emerging area to call the Economic Development Committee in that area and ask for their "master plan". 

Another side to consider: if a toilet or shower stops working in a unit with 2 bathrooms, while it is a maintenance priority, it's not an "emergency" like it would be for a 1 bathroom rental.