I have 5M in liquid assets, and over the next 3 years I want to purchase 10 run down apartment complexes.

Depends how liquid you are.Also, you said you cannot put the cash from buyout back into a new place for a couple months.

Some of my clients will set a certain amount of liquid capital aside for the flips and then instead of buying little houses for rentals for taxes and cash flow they will look at buying multifamily properties.

If you remove the coin from the entity entirely, then I suppose this question isn't for you.Option A: Receive cash-flow and let it pile up, leaving it as liquid cash (current assets), immediately available for CAPEX & so forth.

If you have the means to pay back a HELOC in full if it's called at a moments notice (you can cash out investments if need be), you're in fine shape.I get worried for some of these investors that max a $100,000 HELOC on their primary and use it for long-term investments that are not liquid at all.

Anyone use a Wagner spray gun for painting?

After all, that's all foreclosure is - forced liquidation.

spray it with bleach, then see if that kills it. no use spending more money that necessary.

Spray on the vinyl and wait 15 minutes or so.

While the property may be a grat buy and hold for later sell type of investment, I'm looking for liquidity right now so I let it go.