Very healthy discussion.

Remain at a healthy leverage point and have the cash reserves should something happen, that goes for whatever your real estate goals are. 

Regardless, I have a healthy understanding for when and up to what point you can manage something on your own before you should turn to other resources, and I think I'm at that point with this issue.

Although I would not be as stern so I keep healthy relationship between myself and the tenants so they will be more likely to take care of your property. 

Probably putting down around 150k-200k down payment on something in the 300k-400k range.Preliminary numbers show a positive cash flow of 1000-1200 per month on the rentals, this includes property management, big TX property taxes, insurance including healthy umbrella.

During COVID I had the following happen in the households I manage: 1) one house member loses their job and their immediately get a job b/c another house member's job needed someone.2) one house member got sick, so other house members pitched in to do their chores and cook their food and deliver it to their room so they could stay healthy, quarantined, and socially supported.  3) one house member had their car breakdown, so other house members helped them w/rides to the mechanic. 

Edited to add: we buy properties there for $110k-$130k to make sure we have a healthy profit margin and tenants always pay for their own heat/electricity. 

If you have healthy equity and cash reserves, then a crisis just becomes an opportunity. 

This started as a small grass roots movement that has quickly escalated and now has the support of Kansas City's new Mayor, Quinten Lucas, as well as the majority of the City Council.If this proposal is allowed to continue as proposed you will no longer be able to take the following information into consideration when screening tenants.Source of IncomeNo criminal background checksNo credit checksCan not take previous eviction history into considerationMust work with Section 8, Housing Voucher ProgramsIn additional to these restrictions, we would also see the creation of a fourth city bureaucracy to oversee rental properties (in addition to codes department, Healthy Homes, and Human Relations/Fair Housing)What do you guys think?

One thing I can say about South LA is that it offers a wide diversity of opportunities as far as real estate and the rental market seems to be healthy.