How much in reserves do you have?
Hey everyone! I have some cash to start spending on several more rentals properties but I don't want to overleverage myself. How much is too much leverage for you guys? Do you follow Dave Ramsey's rule of 3-6 months "emergency funds" even when it comes to mortgage payments for your rental properties? And then also how much of your net worth do you guys typically keep in liuqid cash? 10%? 20%? Even more? I'm curious because I want to deploy the cash, but I certainly don't want to go nuts either. Any thoughts?