Savings needed when purchasing multi-unit

[John Huynh]

Good evening everyone,

I am trying to purchase a 4-unit property. Is there a general rule of thumb regarding the amount of money one should keep in their pocket for a rainy day when purchasing a multi-unit property? My money is invested in my employer's 401k and Roth IRA. Since those retirement accounts are not as liquid as cash and I would only pull money out of those accounts in a real emergency, how do I account for the money in those accounts when saving for a rainy day fund?