That money is liquid, FDIC insured and accessible thru an ATM if you need it.That said, proper asset allocation that matches your timeline is a always good strategy and if you have a solid RE portfolio with tenants who remain in your units despite the economic environment, a recession should be below a few other things on your list of things to spend your time worrying about.In terms of pouncing on a property when the market cools, I'd recommend continued trust in whatever deal analysis method you use.

I have 2 semesters remaining til I get my MBA degree, and I was just curious where a good place to start for me would be.

My issue is with communication, repair response and telling me things are done when they are not done.I am not here to bash any company so they will remain nameless on the public part of the forum but if you PM I will give you more details. 

It will remain a challange for the city leaders and the comunity to work on this issue.

If any are trapped, they will place another round to see if there are any rats remaining.  

To assure $200 cash flow, the rent price would have to be $1600/month: half ($800) for reserves/repairs, and the other half used to pay $600 mortgage to allow $200 cash flow remaining.  

At the end of the 5 years, is the purchase option just the amount remaining on the loan?

Next, you want an actual ENCAPSULANT product for any remaining wood structure, not Kilz.

They are basically 10-cap areas and will likely remain so for a long time. 

My husband called the lawyer at that point (I had him do it because he knows the mortgage industry much better than I do, and it turned out he and the lawyer had some colleagues in common.)Dealing with the lawyer was a little frustrating, because he was obviously pretty unfamiliar with sub2s and kept dramatically warning the seller about the potential pitfalls (the mortgage remains in his name, etc.)Eventually, we worked it out by putting these two clauses in the contract. 1) If we miss one payment, the seller can take the house back. 2) We will refinance into our names within three years.After the paperwork was finished, we mailed a check for $1,200 to the lawyer and he sent us the paperwork.After that, we did more waiting for the seller to be ready.I emailed the seller at the end of April reminding him the paperwork would expire at the end of the month and we'd need to have the docs updated if we didn't sign them before then.He said he needed another few weeks to get ready.