Diving into the forums and BP books have definitely eased my qualms about purchasing a property that I cannot touch.If I can suggest a couple books that I constantly refer back to and have been helping me..David Greene's, "Long-Distance Real Estate Investing" & David Lindahl's, "Emerging Real Estate Markets"I'm currently loving the latter book because it is changing the way I think about investing.

Never a text, Never call my cell.2) I check messages and emails throughout regular business hours, first thing in AM, last thing at end of business day, and can access my email on my phone whenever necessary to follow over a weekend.3) Emergency after hours voice messages that are left automatically "outcall" to my cell, which I immediately review and call the tenant back for further details (unless CLEARLY a crisis) .

In NC $450 a month got me a catastrophic  plan, $7k deductible and covered basically nothing except emergency disaster costs after I covered that 7kThe only plan I could get that would have a deductible under $3k and cover normal health expenses was just under $800 a month. 

Also, if it happens to be poly-carbonate, which is "unbreakable", like Lexan for example, it would also prevent someone from being able to break out the window for emergency egress.

Here soon we may have to have a bigger budget or emergency fund for properties in the higher natural disaster areas.

With respect to the cash, you've got to invest that (at least everything over your cash emergency fund - like 6 months of expenses or whatever you're comfortable with). 

If it were an emergency, then I would think most companies not just ours or the other company listed would be willing to help quickly and at the least amount of hassle to move the property through their company.Like Curt said, this is a long-term strategy and not one that a buyer should look to make if they might want to sell quickly.  

You should have your personal finances completely under control, an emergency fund, and then start saving for investments.

Tell/train your tenants to call during specific business hours for non-emergency issues; otherwise they will call you day and night and weekends for anything.

I'm always confused why someone would want the hassle of driving hours or flying somewhere in the event of an emergency at your property.