I would loom into a HELOC, that way you keep the low interest rate, but also have liquidity for investing, that you can use over again.

As long as you have the liquid assets needed and the credit score minimum it can get done 

@Aaron Klatt also prime areas are always more liquid, which is my primary goal.

Credit, experience and liquidity are the determining factors to be approved.

Yet another reason to hate the auction companies:  I had not yet paid the deposit b/c the auction company insisted on a clause in their contract that said that if the buyer defaulted on the contract, buyer would forfeit their entire deposit as liquidated damages. 

My biggest challenge is liquidity.  

So you'd need to have around $400k in cash to take this property down, and even if you sold all your stocks and liquidated your 401k, you still wouldn't have enough to come up with the down payment.

Yes, diversify as much as possible within the limitations of the 1031e.With that much liquidity, she needs to be talking to brokers and large-scale property managers.

Need to have 6 months expenses set aside in liquid or near liquid assets.2.

We are however no longer liquid after just finishing a major renovation.