Unexpected expenses can arise at any time, and you will already have regular monthly expenses such as property management, landscaping, and cleaning services.

If TENANT(S) does not clean adequately and regularly, TENANT(S) will be liable for reasonable cleaning charges – including charges for cleaning carpets, draperies, furniture, walls, etc. that are soiled beyond normal wear (that is, wear or soiling that occurs without negligence, carelessness, accident, or abuse).

I've got a great job that pays well and have reserves in the bank for unexpected expenses so it works well for me and will work well for others in the same position financially as me. 

Be sure to know your numbers really well, like vacancy and cap ex for unexpected repairs.

Our partner has run into some unexpected issues and would like their capital and Equity out. 

@Joe Hammel That leaves you with no reserves for unexpected repairs or vacancies.

You need those residuals as you get older for unexpected events that occur.        

To minimize unexpected repairs, consider buying newer properties, conducting comprehensive inspections, hiring a qualified property manager, and maintaining a capex reserve fund.

Sometimes they do this by accident or didn't realize there was a tax sale.

And I wouldn't touch that money until I have a solid buffer for unexpected repairs.