One thing I see now, and still coming, is the emergence of private lending and mortgages as a major force.A huge vacuum has been suddenly left by the banks retreating, and capital will find return.

If it was an emergency (family illness), loss of a job and they have a new one or something similar, have them do a lump sum payment and add a bit to the rent for the next couple of months. 

We have enough savings to buy a 350k unit & put 10% down on it without digging into our emergency fund.

But my question is whether or not it is permittable to have exterior cameras around the house that you may have access to in case of an emergency?

I just kind of think of it as an absolute last resort for emergencies, in the event of a catastrophe (e.g. building burns down).I'm curious how others treat it.

I also have a great contracting company and numbers of plumbers and electricians that have 24-hour availability with Emergency calls. 

As long as a smaller accredited investor has enough reserves, say 3-6 months of emergency money at hand, and doesn't want to lose their hard-earned capital, then cash flowing illiquid assets are a no-brainer to me.

Additionally as a Money Guy listener we are debt free except for the mortgage, I have a 6 month emergency fund saved, and we are saving 25% for retirement.

Its not a dangerous risk if you have appropriate emergency funds for anything that may come up and don't buy a property out of your price range. 

Get contact sheets with emergency contacts for all tenants.