Hi Hunter,You will have less risk in the same investment with $40,000 liquid or $60,000 liquid.If you go all in with your $20K you will have no personal cash reserves for CAPEX (worn out things that need replacing when after its rented) or hard times (longer than expected vacancies).Maybe think about saving some more and not getting into any more debt than you already have.It's better to be bullet resistant than fully exposed if you have a choice.And don't make any loans to anyone for anything (friends, family, girlfriend, etc...)Just park in an FDIC insured CD until you know exactly what you want to do with it.Good Luck!

We were finishing up DIY remodels of our duplex in LA and fourplex in Pasadena when I couldn't resist and decided to pull the trigger ad make it my personal project thinking I could AirBnB it until it became my luxury apocalypse shelter. 

Based on the two, I'm not sure I'd do it; but I live in a colder climate and admittedly am resistant to change.

It was too adorable, I couldn't resist (and all went well with their stay).  

I always ask for the full underwriting performed on the project and at times get a little resistance because the operator does not want to share the excel sheet or calculator used.  

If you are finding resistance offer to buy lunch or pay for their time. 

Laminate wood flooring has also improved in recent years in terms of durability and water resistance, in some applications surpassing LVT/LVP.  

While multi-res was found relatively recession resistant during the last great recession, it does not mean it will be the case the next time given all the building that has been going on.

The most modern units have resistive electric elements to supplement. 

My retirement funds are about 50% in syndications - some of which are in what I feel to be recession resistant asset classes such as moble home communities, self storage facilities and senior housing.