I’m also fairly new, 20 years old and started with nothing but $10K and all of it was scattered from Stocks, Bitcoin, ROTH IRAs to emergency fund.

The owners of the building are elderly and ready to sell the building, the family has relocated to the west coast and due to covid the owner have been effected with medical condition.

I also have $5k saved up for emergency repair of the unit should I need something right away.Current rent is 900, 650, 600, and 500. 

I have an S Corporation and provide coverage for offices when needed. 15 years ago, I heavily studied RE investing because I wanted out of the medical field (it is brutal).

I have 4 duplexes and if I keep 6 months rent reserve for each and 6-8 months of personal emergency fund it is more than 100K, this seems too large for a "rainy day" scenario.

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $675,000

Cash invested: $122,812

We went into this LA property with a SFR homebuyer's mindset. We had never...

Also keeping some cash reserves for emergencies.

One off of east Colfax near the Anschutz medical campus and the other in the Barnum neighborhood.I'd reach out to a lender now as well.

Close to Medical Campus, Arizona State Univ and pro sports arenas How did you find this deal and how did you negotiate it?

Just as people with a medical marijuana card can be asked to avoid smoking it in a non-smoking unit, perhaps the tenant who needs an emotional support animal can look into a non-dog emotional support animal?