Which is why I am building buffer in each of the properties for the repairs and capex.

Real Estate investors need some sort of liquidity buffer before being able to invest seriously.

But with a decent savings account buffer, I remain nervously excited for the future.I did not see this coming.

Finally while we all love the Great Warren Buffett’s advice, there are few very unique things he does that many small investors don’t. 1) Buffet keeps a massive amount of cash as a buffer.

If i were to take that money and pay extra in the loan, it would drop the remaining time from 27yrs to 18.5yrs, but ultimately it was having that extra $370 buffer for fluctuations in the economy, or extra money to save for another rental, that was the deciding factor.

So long story short if you have buildings that have a healthy buffer you'll probably be able to weather the storm.

It actually cuts down on cooling cost in the summer with the extra air buffer between and the highly reflective surface of the metal.

If you move-out and new debt payment is equal to the rent, plus a buffer (savings) to keep you afloat, then you should talk to a mortgage lender (not banks, but mortgage lenders). 

@Grayson SpittelGreat job on that buffer.

I know you said your dad needs his capital back as buffer for winter, but it's something to consider.