In the petition, the borrower either reaffirm the debt which means they agree they owe $X and will make payments moving forward or they surrender the property to the plan, which the Trustee can work to liquidate and pay creditors.

Part of our goal was too diversify out of 100% stocks AND get better returns in the long run.One reason we chose to do it within a SDIRA vs the 'normal' way is that we probably have 20 times as much funds in IRAs as we do liquid cash.

She continues to give me extremely good off market listings (especially the hard South Beach multifamily listings) but right now I have no liquidity or money to pursue them.

If you got hit by a bus, does you estate have enough liquidity to pay for friend off?

Just a couple of additional hoops to maintain your liquidity from your assets.

I would like to find something in the DC area because it will always have a renters market, I could liquidate pretty easily if I needed to, and I would be close (mileage wise) to my first property which would be ideal.I am also considering properties in my college town.

There will allows be inconsistency in underwriting and one lender may consider your liquidity a little higher than another based on their underwriting criteria and you'll come out with different global debt coverage ratios.

$1000 rents are normal for 3 bd houses and 65k is reasonable for that size so that's where I would start. 3/1's are more liquid than other houses since they are more widely desired size.2br houses will sell for the 40k range where your all-in will still be ~$17k (8k down, 3k reserves, 6k rehab) and the rents will be lower $750-$800 depending on the area.

You might end up with a face full of pepper spray.

First RE is not liquid, it will never be liquid.