@Chris MartinI like your strategy but for an investor with $50k liquid, investing in an 8 unit is difficult unless partnering with one or more investors. 

they are ok thank God.I did a walk thru of the unit yesterday and took them some bug spray trash bags case of water and sprays to just give a helping hand.  

I need advice on how you would handle a situation where an early property liquidation had to occur for whatever reason.Scenario:Partnership deal - I found this particular property, manage it, and carry the financing obligation.  

Sounds like they are trying to liquidate some and this one might be the property that they have used as their scapegoat?  

To buy a property for $800k with 20% down, you need $160k for down payment, $20k for closing costs, and for a jumbo many lenders want to see 12 months liquid reserves, which for a 30 year at 4.25% presuming 1.1% property tax and 1000 insurance, is about 4K per month or another 48k.

I think that when an investor loses the elements of expertise, control, and liquidity in any investment, things can and will go south rapidly with any bump on the road. 

My cousin keeps mentioning the "look back" regulation that requires transferred assets to be held for 7 years before he could liquidate them without the state "taking" everything.  

Turnkeys are great if you don't have enough liquid cash to fund the property outright and still allow people to invest in cash flowing rentals and gain 1-4% appreciation annually in most of the midwest markets.

Millions in assets and more liquid than I was trying to refi, but guess what?  

I sprayed the carpet heavily, let it dry, and sprayed one more time.