Having a larger emergency fund may be the key as you can take on more risk if you know you have 6 months of payments sitting there if you need it.  

I have a quick question I was hoping to get feedback on.My wife and I are considering getting into RE investing but as you all know, location is key.

I'm based in CA and just purchased two turn-key duplexes in the Milwaukee area.  

Consider forking over the 20% yourself and using other creative sources for the rehab costs. 

You could try cash for keys by offering them $1,000 or $2,000 to move, you might even be able to convince the seller to pay for this. 

How do you plan to source deals?

If you are forced to sell or compromise because you are too heavily leveraged your source of funds will turn predatory and gobble you right up.

We are extremely conservative so we are targeting bread and butter three bed two bath 1,400- 2,000 sq ft houses or multi family that can be flipped to a house hacker or first time home owner.How We are using several methods to unearth deals.Scouring the MLS - searching based on criteria and then sale price compared toWebsites and digital advertising (Facebook and AdWords)Direct mail - Acquired lists from List Source (not happy with them) and have been sending postcards to older owners that own SF that meet our criteria.

I just have few friends who do real estate business) because I believe PM is the key thing in this issue, I don’t know what is their plan to betray me.  

Communication is key to a good tenant relationship.