If it’s an emergency you need to be there asap, if it’s not an emergency then you don’t want to have to fly somewhere to handle it. 

DIL when done right also requires a current appraisal, legal expenses, etc.I have what you might call an emergency, break glass type of arrangement.The original purchase agreement needs to identify exactly what constitutes a buyer default at which point upon notice of default being given the duly appointed attorney-in-fact for the purchaser conveys the property back to the seller.

Using that 100k for a 75k DP on a 300k property, 8k for closing costs, and having the 15-20k in reserves for emergency repairs is a good place to start.

This is an emerging trend, as many young people still exercise the dream of their parents and move south.Affordability will curb the growth in some markets on the west coast and in the south to smaller gains; it seems very possible that we will see a trend change in which markets will grow the fastest over the next decade. 

I agree someone with no cash should still not do a deal, because they can't handle any emergency expenses, or payments when renters don't pay.

When we looked at what we would want as an emergency fund for ourselves and then separate funds for each property we held as a rental, the numbers were so large that it didn't make sense to even try because it would be years.

Start slow and make sure you have plenty of emergency funds!

Sellers who HAVE to sell (job relocation, emergency etc) will sell at a discount - investors can find deals again!

Today I got a call and text message from my tenant that she filed an Ex Parte application for an emergency hearing to determine whether to "stay the lockout".

I personally know quite a few people who took on the IRS and emerged victorious.