A) The $40K cash on hand was not including my emergency fund and merely represented what I wanted to stick to as a low ~10% DP or to be used for a small refresh/reno. 

I’ve saved enough for a down payment, but I’ll be left with only a little bit for emergency funds.

R  Resevres:  Needed for downpayment and Emergency Reserve.  

good medical at emergency!

., leaving it primarily to the platform's messaging system or texts has worked out so far, reserving direct phone contact for requests or emergencies (which saves time).

Hang on to the rest for emergencies.  

Trying to save $$ so I can prepare emergency funds in case of any major repairs etc .

I will also emphasize the importance of keeping at least 5% of your gross rent income and allocate it toward emergency situations each month. 

You should jump into the weeds as long as you have a few exit strategies, know the market, have a stable 9-5, and emergency savings.

The PM had a plumber go to the house, incurring an after-hours emergency fee, but was unable to assess the exact cause of the issue at night, stating it's either a frozen pipe or pump issue and they need to return during the daytime to fully address.