I manage 400 rentals and we require all maintenance requests to be in writing, except for emergency calls.

I have a relatively short credit history, with a score around 720, and I have an emergency fund of $8,000.

How much should I put aside for emergency repairs.

You can't use your credit to qualify for loans, you can't work on the property at all, you can't use your own cash in case there's an emergency expense and the SDIRA doesn't have the funds, on and on. 

It's a great area but like other emerging markets it goes by block/street and pocket within the street. 

The ability to be responsive to opportunities or emergency maintenance needs, elimination of per-transaction fees, and greater overall control are significant benefits. 

I would also recommend Joe Fairless's book Best Ever Apartment Syndication Book, as well as Dave Lindahl's books Multifamily Millions and Emerging Markets.Feel free to DM me if you have any questions or just want to chat!

Consider the opportunity costs, run the numbers, and think about what's important to you now and in the future and I think a clear answer will emerge. 

https://www.multihousingnews.c...

You no longer have to worry with an "emergency" coming up you aren't prepared for and your cash flow goes up because your fund is funded.