Even in housing.  

It's against the law in some jurisdictions (OR, WA, CA and others) to even approach someone in a distressed situation unless you are an attorney, a realtor, or a registered "Distressed Property Counselor" and you can't benefit by buying or wholesaling the property.Equity Skimming and related penalties of sentencing are detailed in 12 United States Code USC Section 1715Z-19.

If finding a new replacement is more difficult then get your new property under contract first even before your old property closes.  

Even a single error could cost you more than years of property management fees.Understanding Tenant BehaviorProperties don’t pay rent—tenants do.

Quote from @Paul Whitehurst: Many will tell you to borrow money from Property A to purchase Property B, but that's known as over-leveraging and not recommended for a newer investor.

Liquidity is important if this is money you plan to put to work in the near term. 

Do you even know why investors create an LLC, or multiple LLCs?

I'm having a very hard time with them and on the verge of losing my earnest money on a house purchased to flip.

I have some in-house laborers for any large projects but sometimes value add can even be raising rents to market or finding an off market gem. 

Looking to hire a professional to help with my taxes this year, i've always done them myself but fear I'm leaving money on the table.