Sriperumbudur:Located on the outskirts of Chennai, Sriperumbudur is an emerging industrial area.

Cash flow went down $100 but established a emergency fund for the property/LLC.

Just this year FINALLY got to a point of having enough emergency fund and money saved for a down payment. 

Up in Summit County they had a moratorium for awhile then began issuing permits again with more rules and restrictions plus higher fees and taxes (for example in Dillon that you mentioned they have a $700 annual fee plus a 5% excise tax, you need a local agent to be on call 24-7 in case of emergencies (i.e. noise violations), there are occupancy limits, etc.) so you'll want to start by narrowing down your search a bit perhaps based on the regulatory environment.

If you are already low on capital you need to have enough in the emergency fund/reserves.

Waterheater leaking....lets get the emergency plumber out there today to replace it instead of waiting a few days for the regular plumber.If my tenants arent happy, and paying me these large sums of rent,....Im out of business.I tell all my tenants too if you need to break the lease, let me know as soon as you can, lets work something out so Im not surprised if something happens.

Installing, New panel service,  underground conduits, emergency disconnects, and supplying the appropriate load usage tables to the Elec Dept is a major headache.

Second for them to ask you to come by for something that is not an emergency on short notice suggests they don't understand how things work.

I understand theres repairs and other things that might come up so $50k for emergency is what I'm keeping for that. 2) Pay Down Payment on a property.

It's an exciting time to be investing in the Midwest – there are plenty of 1%ers out there looking to take advantage of these emerging markets!