They should also be providing you with an investment plan and their unbiased research with all the risk quantification that aligns to your risk tolerance and investment objective.  

You want them near by, in good condition, and within your risk tolerance.  

It will depend on you personal risk tolerance and desired outcomes more than anything.

I think everyone has their own investment criteria and different risk tolerance.

The average younger and naive investor cannot afford to tolerate a 30% loss and then continue investing in any type of real estate, afterward.Why do I write the negatives about investing?

This option gives you the greatest optionality in picking your asset allocation based upon your risk tolerances and goals not based upon what you need to do to beat back the tax man. 

As you make more offers, you will get a better feel for each property and the market.At some point, you may find that you are making a mistake somewhere (e.g. overestimating rehab costs or undervaluing the property) or that you need to increase your tolerance for risk.

And that would be outside my bounds of risk tolerance.

(Some lenders require 20%, but Fannie and Freddie allow 15%; just know that putting less than 20% down on investment or second increases your points cost by .5 and of course makes monthly MI become a requirement.)So, if you can tolerate relocating to a new primary, it might be best to go that route (meaning, make your current primary become your investment home).

What reserves will i need based on my risk tolerance?