My wife and I currently have about $10,000 in liquid savings, $20,000 in stocks, $130,000 in 401K and about $40-50K in equity in our only home, our current residence.

Ryan White at 150 units and assuming 40k/unit, the lender would require a net worth of $6m and liquidity of 600k, that's after the Downpayment.

Pretty much have 2.5 full time people.Not sure about Twombly but I think the premise is that it can be hard to get out of multi-family and I agree, they are not as liquid which is why I refocused on single family 5 years ago. 

What are my tax consequences in liquidating my IRA accounts for a down payment?

This way I will have a large chunk of semi-liquid cash to pull out for either a down payment or for rehab in 1-2 years.2. 

So, I only have about $10k in liquid assets right now.  

I have heard about buying truck loads of liquidation items.....

Majority are losers during the choppy ride.The difference is fixed assets are not liquid like stocks.

@Ryan Judah You are a little ways South of me, but the Judd & Black appliance has a liquidation center in Everett.

If the property cash flows well enough to cover the lenders debt service coverage ratio, and you have adequate liquidity, you should be able to qualify.