This W2 income will help get your real estate journey started.After you graduate commit the next several years to living below your means, paying off any other debts, building a big, beefy emergency fund, increasing your W2 income as much as possible, and learning everything you can about real estate investing.

Though it's rare, I'm just curious if it's something that should be allocated for (similar to an emergency fund for a particular property). 

.), if anything look an 1-2 outside of your local market, somewhere you'd be able to drive to if an emergency were to come up.

This also means paying off any consumer debt you have, building a big, beefy emergency fund, and living well below your means.As far as what specific actions to take it sounds like you're already doing them.

I hear Conroe Texas is a nice emerging market.

Ask yourself how you would handle a maintenance call, repairs, an emergency, doing quarterly walk throughs, managing the tenants, and researching the market area to figure out local rent rates and what other properties look like inside/what they charge, etc...

Mainly for emergency $ or if I decided I wanted to pull out what I put in it to buy something bIg.

In any event, she was diagnosed with cancer and needed a emergency surgery to rid her body from the tumor.  

We've got a six month emergency fund sitting in cash separate of this. 

I recommend putting all your profit in an account for emergency reserves, you are going to need it eventually.