My professional background as the non-discrimination compliance officer for a large medical center has helped me as a landlord too, although different laws apply.

I'll copy paste a comment i made re: this - My opinion is that the market will face major headwinds starting 2020Q4My (probably incorrect) predictions:2nd wave of the virus hits beginning in Q3 (this is a near consensus view among the medical community).

You will be required to have a 10% to 20% emergency reserve off the rehab budget in the loan to cover unexpected costs found during the rehab time after the loan has closed; if never used it is subtracted from the final loan size you owe.

No connection to this property, just thought it might be a good option for someone else who's looking to get started with a house hack....319 Shrewsbury Court Jefferson, LA 70121...very close to Ochsner medical complex too!

My potential properties cater to two medical institutions in this vicinity.

Everyone is different, but I almost treat these as emergency funds (i.e.

My opinion is that the market will face major headwinds starting 2020Q4My (probably incorrect) predictions:2nd wave of the virus hits beginning in Q3 (this is a near consensus view among the medical community). 

Set aside three, six, nine, or twelve months income as an emergency fund for both yourself and your wife.

COVID-19 has made a lot more investors aware of what is now a very obvious risk in rentals, dealing with protracted national emergencies, that we didn't fully understand before in terms of a pandemic.

They own a boatload of medical buildings and assisted living spaces that have been in the family for decades.