Additionally, the Austin market has been recognized as the #1 Market for Real Estate Investment 2020 by Emerging Trends in Real Estate® 2020.https://www.us.jll.com/en/newsroom/193-acre-development-site-in-robinson-ranch-hits-the-market-?

The target market is medical residents and students coming to intern at the clinic.

Decent schools and a ton of medical for our size.

How to handle these scenarios:Late RentNeighbor ConflictsMoving-In Unapproved Pets or PeopleBreaking a LeaseDrugsStep 13: Manage Effectively.Track Expenses and Income (Bookkeeping)Create a System of Action when an emergency repair/non-emergency needs to get doneWeekly Housekeeping (Common Area & Private Rooms)Schedule House Maintenance CheckMaximize Income Each YearMinimize Expenses

In your deal analysis, you should also be taking into account maintenance fees that your rent will have to cover in the future (ie. replacing appliances)In regular times, having over 3 month of reserves should be enough IMO but being able to access a couple months more in the event of an emergency is helpful.

Looks like the emergency spending bill passed this evening (12/20/2020) and extended the eviction moratorium until the end of January .

You need to have some cash reserve/emergency funds and be comfortable with your decisions to quit your W-2.Also make sure you truly love Real Estate Investing and not just for the money just incase things did not work out well for your for the first 3-months, only your passion for Real Estate will keep you above average Real Estate Investors.Goodluck and reach out if you want to chat.

However, the company is emerging with EDCO and our account will be transferred to EDCO starting January. 

You should call the emergency contact that you collected as a part of your tenant application process.

We may not need that much to retire once we get there, but that's our "safe" number that should provide a buffer for medical insurance/emergencies, travel, and provide care for our aging parents.So, there you have it...