I asked him how long it would take to do that in an emergency.

Always remember to continue looking for additional information that may have been missed to avoid costly surprises. 

So with this being my first experience in having to replace an old boiler, I was surprised to find that this is standard practice. 

On the other hand, if you have a really thin reserve, then you may not be able to handle emergencies and vacancies and that can be extremely stressful and dangerous.

You may be surprised what you find.

As for our personal selves, if there are any emergencies we have a few thousand on hand but would like to keep everything coming in an out of one bank account meaning theres nothing out of our pockets and the house is self sustained by the rent coming in paying all expenses.

I offered $185k which was immediately accepted.I was surprised by how quickly I picked this up because I had made 3 other “low’ offers on other units that had all been bid up well above the original asking price.I say low because I was only under-bidding by about 5%.I thought 5% below asking was a good deal, but know I know you should look closer to 20-30% below market value.Now, I did some things right on this property.It was a 4bed/2.5bath at 2550 sq. ft. purchased at about the trough of the downturn.During the 3 years I lived there, I had 4 roommates at various times, pulling in an extra $21k total (sound familiar to Brandon Turner’s “house hacking” philosophy…great minds think alike???).

Li Wa, I'm very surprised to hear that Upper Darby is that bad...I have scoped out several neighborhoods in and around Philadelphia and Upper Darby remains one of the cleanest and spacious (few if any row houses)   There are patches of not so great streets, but for the most part I don't see anything overly negative about it.  

Here's a little advice I gave another Broker starting out:A little regular income would be good.Get Teamed up with a Top Producing Broker at a local Brokerage.A Killer Deal will soon emerge and you can jump on it!

I had to have the carpet replaced, get the trash out and much more ...It's surprised that there were no leaks on the first day when the water was turned on.