I can see my retirement (401k, Roth IRA), my liquidity (index funds/personal emergency fund/RE emergency fund), health related expenses (HSA), kids college (529 state plan), savings (HYSA), Real Estate equity (through appreciation, equity capture at the buy, loan paydown) etc.

@Aaron MayWhen you are self managing, how do you find a good person to be the local go to person for emergencies?

For quickie emergencies there are always the "18 months no interest" options at Lowes or Home Depot along with similar terms from your credit cards (those checks you can write for a 3% fee and then have 12-18 mos to repay). 

The HELOC for the eventuality that you find problems that are more expensive than you predicted, and use as an emergency fund.

However, in the last couple of years, the Multifamily DSCR Loan option has emerged and become super popular with multifamily investors.

What is your nest egg for emergencies? 

People stop paying rent, emergencies happen, people go to jail, and the list goes on and on.

They're still around the $15k.Between paying for a family emergency and some remodeling on another rental, we literally can't afford it at this point.

I understand the added risk with a 15 year fixed (always have an exit strategy) which I will have with cash reserve tucked away that will fund major repairs / emergencies if they come up.

However, in the last couple of years, the Multifamily DSCR Loan option has emerged and become super popular with multifamily investors.