COVID has resulted in a lot of emergency legislation being passed which allows Remote Online Notarization.

Also, he has some small medical bills which are understandable. 

Waiting for the right property, waiting for the right tenant, pushing through rejection and solving emergency situations.

Make sure your personal financial position is rock solid with plenty of emergency reserves. 

If you feel like you need a whole separate account for emergency funds because you wouldn't trust yourself not to spend it, you are probably not ready for RE investing, as being a successful real estate investor requires a lot of discipline.

In Florida “Bedroom” means a room that can be used for sleeping and that:For site-built dwellings, has a minimum of 70 square feet of conditioned space;Has a closet and a door or an entrance where a door could be reasonably installed; andHas an emergency means of escape and rescue opening to the outside in accordance with the Florida Building Code.A room may not be considered a bedroom if it is used to access another room except a bathroom or closet.

I guess I'd look at it as an emergency fund. 

Per Minnesota's Emergency Executive Order 20-14 on Page 2, Item #1:Beginning no later than March 24, 2020 at 5:00 pm, and continuing for the duration of the peacetime emergency declared in Executive Order 20-01 or until this Executive Order is rescinded, for property owners, mortgage holders, or other persons entitled to recover residential premises after March 1, 2020 because a household remains in the property after a notice of termination of lease, after the termination of the redemption period for a residential foreclosure, after a residential lease has been breached, or after nonpayment of rent, the ability to file an eviction action under Minnesota Statutes 2019, section 504B.285 or 504B.291 is suspended.

This week's bill signed into law proves that: eviction moratorium extended until the "state of emergency" is over, which - as you know - is unilaterally controlled by the governor.

$5000 isn't even a rainy day fund for emergencies.