if you want Zero risk then park in your brokerage account and buy USFR, a wisdom tree ETF, pays 5.39% interest, holds 8 week UT treasury floating rate notes only, so you don't need to worry about FDIC or SPIC insurance as only way US govt doesn't pay is if we get nuked, then you won't much care about Yieldif you ok with mild risk, I put my emergency funds cash into a group of different BDCs i like, these are business development companies (mini-banks) that make loans to small to medium size companies.

Some may not agree, but think I would rather avoid mixing different guest preferences and recommendations for future guests.

Absolutely agree that every situation is different.

SeanOther banks may be different but I have a savings account at the same bank that holds my heloc.

Life had different ideas and I sold them both and bought a family home (4 bed) and a 2 bed investment.

From there you'll be able to assess.If you think you can just hop on BP, find an agent, and the agent will pair you with that house then I also believe you expectations need to be different.

@Courtney Olson - you listed a lot of different areas of North Alabama that all have different characteristics, so I'll throw in my two cents here on them.Huntsville - it is tough to find deals right now that work.

There is one here on BP - https://www.biggerpockets.com/rental-property-calculatorGo to Tools and you will see all of the calculators they have for different investments on the site here.

Theoretically, with this same deal you would be looking at 500-600 more per month with 0% down but each situation is different.

@Dylan Cook There are numerous lending products available to investors.