Depending on the type of trees we can also receive income from multiple companies once trees are producing.

Look for a RE attorney experienced with those type of transactions.  

Keeping some type of emergency fund is important to have a buffer.

It sounds like you may have a reason for citing that number, I'd recommend that you work on articulating what the real underlying reason is.I have found that entry level housing, the type that attracts families that are moving up from apartments, leads to great long term tenants.

Decide on the type of rental (long-term, short-term, etc.) and the rental rates for each room.5.

However, the specific details can depend on various factors, including the type of asset, how long it was held, and any applicable tax exemptions.

I am a Certified Tax Planning with a firm that specializing in this type of work (without the overhead). 

And I agree the vast majority of larger investors started with a nice amount of cash or very robust professional type salary.

I've typed my response and tucked it away in my proverbial drawer. 

Unless we note otherwise in the listing information or disclosures, we fix everything that is broken or not functioning properly, but we have had several recent requests that are expensive and I'm interested in your experience in handling things like:- this roof is old and we're worried that we may have to replace it (was inspected by roofer and determined to be functioning properly)- there are screens missing from some of the windows and we would like you to add them- we're concerned about the drainage and would like you to add gutters- the AC unit is old (age disclosed in disclosure docs, was tested by HVAC guy and running fine) So do you budget for this type of concession, do you "meet in the middle" or do something else?