At this time I would not be able to show enough liquidity (proof of funds) until my private lender funds me. 

Hi BP Community,I'm new to the Bigger Pockets community and grateful to learn from all of you.I am planning on 1031ing my first mixed use commercial building in Los Angeles that I've managed for a few years. The CAP r...

Our ultimate goal is to have around $1mil liquidity to be able to purchase our own land, build our own home, and still have a little bit of a buffer, while also having rental properties for our passive income.I know we could fairly quickly get to $1mil buy buying and selling but I wanted to know what you all thought about what a good roadmap might be regarding that (how many properties to buy and rent vs sell, etc).I have a friend who is very active in these forums who originally lived in Los Angeles and his first properties were basically in the ghetto of the middle of the US.Would a good route be to purchase apartments in the ghetto and be a slumlord for a while to launch our empire?

I know most of the time they look at the security rather than the individual, but if you built rapport with loan officers or liquid individual (for lack of a better term) can you attain cash quickly this way?

Cook the home to 130 degrees, then have a licensed person spray.

Individually, they are small low yielding accounts but liquidated and reinvested they could, potentially provide a higher return.

would you still want to ride it out or liquidate?

Standard requirements are 90% occupancy for 3 months, a 1:1 net worth to loan request, and 10% of the loan amount in liquidity.

Generally if one can not get 12-15% return like liquid equity, it is probably not worth the trouble in real estate. 

As others have said, 25% down, closing costs and depending on the bank, they may require 3, 6, 9 or 12 months worth of principal and interest in liquid funds.