Hold $1K only for emergencies and get on a strict budget to get this debt paid off ASAP.

And the savings can be tapped for investment, home improvement or emergencies.  

We plan to buy in emerging/booming areas and hold to allow properties to appreciate. 

And if there is equity in the property, a 75% LTV HELOC against that equity might just be enough to write a check to your 401(k) to make it whole in an emergency departure.Good luck!

You should have people that you can count on for emergency repairs.

Without all that information, I can only give pretty basic advice: live on a tight budget, pay off your debt like your life depended on it, build an emergency fund for protection against life's little bumps, then save up to invest.Maybe you own a large home.

Let's go back to that original post and see what a PM does: Basic maintenance requests completed within 5 days, emergency maintenance requests completed within 2 days, - Call handyman and have them assess and fix the problem. 2 minutes.preventative maintenance work twice a year - Call HVAC company to inspect the system and a plumber to clean the sewer lines. 3 minutes each.tenant-caused maintenance billed back to tenant - Template letter. 3 minutes. 

I consider it par t of my emergency fund also, that would normally just be in a money market account of something similar.

Did you collect emergency contact information when she moved in?

  $281K settlement.Not only is it important to take care of all potential risk management areas in your start-up, but essential that you are regularly checking your property to identify emerging areas of concern.