Have sufficient cash set aside for emergencies (HVAC and Windows are original from 1970s)All appliances are up to date and new Pergo flooring. 

Technically, if the tenants don't follow CDC Affidavit requirements, they can still be evicted.CERA: COVID Emergency Relief Act pays up to 12 months past rent + 3 months future + utilities.

I am waiting to hear back from legal counsel, which sought out earlier today as well.Thank you all.Raymond, I'm a CA landlord, but not a lawyer, so I'm talking from my layman's understanding, not as a lawyer.In CA, a landlord can't arbitrarily enter your leased property except in the case of an emergency.

For example say I have $100,000 saved and go to buy a $400,000 complex with 20% down so 80k down. is that 20k cushion enough to cover any misc expenses/emergencies or things that may arise on a typical deal?

I hope this post finds everyone well amidst the pandemic, my name is Javonta Smith, 28 year old medically retired navy vet located in San Diego,CA and I recently just finished reading How To Invest In Real Estate, and my niche that I aspire to learn and grown in is acquiring  small multi family homes, apartment buildings, and vacation rentals as to provide monthly cash flow.

Or just leave it parked in the MM for an emergency fund. 

We have no liquid money outside of those two avenues, but we do have paid off property if we ever ran into an emergency.

We are joining forces with a money partner who is in the medical field who is going to use his connections to raise money for some deals in the future.

Having a solid emergency fund and 6mo+ saved up without any debt (minus mortgage) will allow you to build your business while starting out.Good luck in your journey, get Gazelle Intense and go get yourself some rice and beans ;)

Graduate students and Medical students are easier to manage, though Undergraduate rents are sometimes worth the added yield.