I have 35k liquid cash and am looking to purchase a fixer upper in about the 30-70k range with the ARV looking to be maybe around 120-140k.

@Cal Rohrman@Dawn Anastasi has a great e-book that explains the various neighborhoods in Milwaukee.

And they continue to work with us because they know we close and don't run them ragged with 11pm e mails about silly Scribner things  LOL..  

Currently consulting in business development for e-commerce brands.

@Sebastian E.

If you have other forms of liquidity (Life Insurance, IRA/401k, business credit) you may not need to save additional capital at all.

@Kurt Granroth I like the control that comes with investing in real estate vs the equity markets.For the rentals I own, I know exactly what the expenses are (barring unforeseen repairs/capex of course), I know what the rent income is, I know what the potential rent is with certain upgrades, and I know what the property could sell for should I need to liquidate.

On a a percentage basis the spend ratio to liquidity and net worth is usually more conservative.The key is to be conservative so if something happens you have room to adjust to the circumstances and still be doing good.   

(e) A tenant shall not change locks on the dwelling unit without the permission of the landlord.

I never really had any stocks/bonds or much cash but after living through the 2008 crash in Vegas and San Diego I committed to having a lot more liquidity at all times going forward.