I keep cash on hand to cover any unexpected expenses.

It’s easier to work backwards so you can figure out what needs to be done today in order to assure you’ll hit your future goal.30k isn’t a lot of money in the sense of how quickly money can go when real life happens and we need to dip into that money for unexpected expenses or if we’re just spending some “me time” at the mall.

Take a look at the the outlets when you do your walk-thru.

But, at the end of the day, if you don't have enough cash to hedge some of the risk (unexpected repairs, etc.) it's probably not worth it.

And then what happens if you need to do repairs, something unexpected happens that requires money, or just trying to get a mortgage and your debt to income is all screwed up.

@Michele Foreman I too, have so many questions about unexpected expenses of being a landlord.

Life-changing events happen unexpectedly.

It may be worth checking out. Let

.- For every outlet/switch you need replaced, expect somewhere around $50-100.

Also that their change in intentions were unexpected and it doesn't afford much time to prepare as I already have an obligated out of state trip planned.