[Schneed10]

Skinsguy is right, that's a lot of risk, mredskins. Sounds like it has worked out well so far.

When you talk about risk in life - babies with down syndrome or likelihood of getting in a car wreck or likelihood of getting laid off - those are probabilities that are not easily quantifiable. However the risk that you'll lose a stream of rental income is very easily quantifiable.

Sounds like you're in good shape, but I'll say it anyway. You should make sure you always maintain an emergency fund that would cover 6 months of your own living expenses + 6 months of the cost of maintaining your rental properties + 6 months worth of whatever debt service payments you have on those rental properties.

If you lost your job and at the same time lost a tenant and still had to make mortgage payments on your rental properties, you'd be in real bad shape.

Sounds like you have some contingency plans. If I were you, I could sleep real well at night in your situation as long as I had 180 days cash on hand.

You were very very exposed to risk early on in this venture. Sounds like it worked out and paid off. But now you have taken steps, and maybe can take more steps, to minimize that exposure going forward.