It looked like in 2022/2023 they were going to suck liquidity back out of the market, but this year we are up again.I am not sure if we are going to actually see the announced tariffs or if that is just saber rattling.

Its a business that require a lot of TRUE liquidity.

Liquidity: If this is your first or second property, prioritizing liquidity (by cashing out now) might allow you to seize unexpected opportunities, especially if you’re actively prospecting deals.Since you don’t have a deal lined up yet, you might explore options to minimize the gap, like prequalifying potential deals or using short-term financing strategies to bridge the 4 months.Good luck growing your portfolio!

does it make sense to just liquidate and get what you can get and put it behind you. 

This might be better if you’re uncertain about refinancing or want to keep more liquidity for other opportunities.Since you’ll move in 5 years, it really depends on how confident you are about refinancing.

If you don't have $3-5M of dry powder to deploy then you are going to be in for a long journey because remember, without the W2 income lenders are going to be more concerned with liquidity so some of that money has to sit on the sideline.

Soon once I have the liquid amount.

If you go too low I would either recommend self managing or liquidate it. 

Trying to have my cake and eat it too by paying off the mortgage and having that comfort or largest expense being gone, and still being able to scale rental properties with the liquidity of the all in one.

Real estate's low liquidity can complicate required minimum distributions (RMDs).