We also tend to rent to "stable" people - those in medical/law school, young professionals, downsizing folks and those who have sold their homes and waiting out the build of their next. 

The property was owned by a flipper that had a family emergency requiring they sell the property prior to completion.

I have been able to manage just fine contacting the renter directly if there is a problem and using my local service providers as the backup for any in-person emergencies. 

@Mike DymskiWould love to know what you believe are the “gateway crimes” leading up a manslaughter...you can be charged with manslaughter for getting in a car accident and someone dies, or if you’re a doctor and prescribe too much medication, and on and on.

Cash saved besides emergency funds is approximately 35k and we are looking in an area where 3/2 SFh are priced in the 130k to 175k range and more than likely will see an upside in appreciation.

That's a violation of Landlord-Tenant Law in every state.Check your state Landlord/Tenant Laws but in my state, this would constitute emergency repairs and I would let the tenant know that I was coming in with a contractor that very day. 

I would ask for the name of their local medical professional that is treating their condition.

Personally, unless I had access to a line of credit or some other low interest option for emergencies, I wouldn't buy anything yet

The market is hot, while also growing with the help of some large companies like Amazon, Dollar General, ABC Supply, Shine Medical and others.

However, people on the PUA emergency program, which helps those who have lost their benefits with 13 more weeks of compensation, surged by 466,106 to 9.15 million (though that data is two weeks behind).