Emergency Fund and Capital Expenses Amounts

[Broderick Neel-Feller]

How do you calculate what you need for an emergency fund and capital expenditures?

There's a lot of advice out there surrounding this that includes 3-6 months of expenses in a HYSA or putting away ~8% for each rental for capital expenses. I have 4 doors (3 rentals and 1 primary residence) and keeping 6 months of expenses in a HYSA sometimes feels like that money could be growing at a faster rate elsewhere. 

Looking to see what other people's strategies are for this or how they calculate their capital expenses and emergency funds to prepare for the unexpected.

[Chris Seveney]

When I was starting out, I typically would keep around $20,000 in a savings account, as my portfolio grew, I have a line of credit that is available but rarely use or only use it in case of emergency so I do not need to keep the cash liquid and can put it on higher yield investments but still have it available if I need it