I'd start with reading the numerous posts from the past on this topic.

This is the paradox of almost every investor based upon where they are in their "investor life". 

It's the oddest city I've ever seen in my life.

Residential rental property has a depreciable life of 27.5 years.

As far as savings goes the only reserves are in the house and in retirement accounts which is minimal at this point in my life.

He recently had a series of life threatening medical issues that took him out of work and seeing him struggle to survive financially during this time has made me hungrier than ever to achieve financial freedom for my family (I’m married and just recently had my first son)!

Roof, hot water heater, AC, furnace and divide each of those by their useful life into a monthly payment.PM fees vary but typically will be 11-13 percent if you include a placement fee annually (you don’t want that by the way).

@Jim K.I still plan on using my life savings for the platinum level McRib coaching package. 

Always do a title search, watch out for properties that have been TD numerous times and also filtered through large hedge funds, I recently encountered a nice 2.61 acre piece in a rural area I was going to buy from owner before it went back to the auction.

This has been the launch pad for my life in real estate and my family's financial freedom.