I am starting to get in the rental property really soon. Is it safe to put your entire savings in a rental property? What are some precautions i should take before and during my rental purchasing process

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No, you should never put your entire savings in a single investment. I’d argue you should never have more than 30% in a single investment (outside of maybe index funds).

Is there a specific property you found that is such a good deal and a huge cash cow that you feel the need to buy it immediately? Does your underwriting include a rainy day fund and maintenance, vacancy, capex, and management costs?

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Are you trying to do a short term rental? I don’t know where you could do a long term rental where you could pay off the house with 5 years rent.

Run the numbers, bake in a realistic vacancy rate, look at similar properties in your area and appreciation trends, make sure you know the neighborhood, write up a lease, do a thorough inspection and set aside money for repairs, get umbrella insurance, make sure you can find landlord insurance these days. Of course it’s not “safe” but all things relative - I’d make sure I have cash on hand for repairs

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