Out of these mistakes the model and strategy I am now following emerged and by the end of this year I will reach the Time Freedom Point I set many years ago.A lot of people reading this will probably say: "wow, that's a long time".

Just in case of an emergency, we have on hand:• 4 new dishwashers• 3 new refrigerators• 1 used but working electric stoveI think I am good to go for now.

Are there any emerging local trends that may cause concern?

Hey David, with 50k I would say Greater Cincinnati is a great place to start. 20% for a 180-200k, then closing costs, and emergency funds.

I have one cell phone but a few different numbers.Realty office number, property management office, after hours emergency line.

Do you have an "emergency contact" for the tenant?

I longed for a business with timeless demand, and real estate emerged as the best choice.Real estate fulfills our basic need for shelter and provides a haven for our cherished possessions.

Have a good team on the ground in the event of emergencies (HVAC, plumber, etc).

Basically you need to take stock in everything you have as normal expenses, as well as a healthy emergency fund, before you know you can leave the 9-5 behind.As such, this is a very personal decision and a personal number. 

I pulled data from the Census Bureau, the BLS, Zillow, and City-Data, along with referencing the following six reports: - Marcus & Millichap Annual US Multifamily Investment Forecast- CBRE Biannual Cap Rate Survey- Integra Realty Resources (IRR) Annual Viewpoint Commercial Real Estate Trends Report- Zillow Annual Consumer House Trends Reports- RCLCO Quarterly State of the Real Estate Market- PWC Annual Emerging Trends in Real EstateI then used primarily the market filtering criteria suggested by Joe Fairless (Best Ever Apartment Syndication Book) and David Lindahl (Emerging Real Estate Markets).I'm just worried that this is the same data being used by every other investor, potentially causing excessive competition.