Planning to build an emergency fund and pay off as much debt as possible this year.I have a guaranteed income of 188k, but I hope to be able to do closer to 250k based on production.

I would much rather take a $100-200 cut to increase tenant interest, than lose 45 days, deal with 3 large dogs in the property, with someone who is emerging from bankruptcy. 

Insufficient cash flow from other sources to cover emergencies and buy a sufficient number of properties. 

That would have turned me $100k in profit just by signing my name twice, giving the foreclosing lender cash, and selling the as-is home to the end user.It turns out, as I went to close, there was an emergency appeal on the foreclosure suit, claiming essentially what is improper foreclosure and mortgage fraud.

This is your emergency money, its what bails you out when you have virtually nothing else left. 

Social Security pays sometihng like $1,000 a month I'm told, and that isn't enough to cover costs let alone emergencies.  

Our best tenants financially were those that worked at a retail store 30 hours per week, in other words any medical, auto etc emergency was not insured and they were one incident away from total financial devastation2.

You can call the police department non emergency number and ask for their advice on how to deal with it. 

A proposed Seattle City Council bill could cap rent late payment fees at $10 per month, with the hope of helping tenants who fall behind on rent avoid higher balances.While renters in the city have been protected from late fees and any other fees associated with non-payment throughout the pandemic, that protection will expire this October, a year after the city ended its civil emergency." 

I’m and emergency medicine physician based in Northern California.