Paid for real estate or low debt also gives you a big sense of security  and its far more liquid in a pinch. 

That would ideally be a RE attorney or a savvy agent, but in a pinch you could also ask a highly experienced investor to give it a look-over.

Some Tax advantage and some not but as far as being invested in debt or income producing real estate I'm don't have any exposure and I'd like to fix that.A  piece of me also says this is a single family residential and will have good resale value and liquidity so I'm not pinched if I need to get out.

Ideally wait till it is cold and pinch that thang hard so it gets all pokey so that when you show up at their door and knock and they open up, that logo is like pulsating with your hard beat staring right into their eye demanding their attention.

But just an fyi, if you do get caught in a pinch - the property does not have to be complete for you to take title. 

We would still have other assets that could be sold in a pinch, but we are wondering if it's worth having 2 properties earlier (i.e., more risk) or waiting to have a bit more in savings to make the purchase.We'd love the advice of some more "seasoned" investors on the dilemma we find ourselves in.Thank you in advance for your help and guidance! 

You may find yourself in a pinch to get any deal just to make the timelines work, which is not good practice.

@Grace Esteban i used to hang a gift bag on everybody’s doorknob with a big bar of chocolate or candy canes $10 max per tenant as a token of appreciation and good will...yes it’s a business relationship but a little good will from Tenant’s Can go a LONG way.

And there I was concerned about messing with people’s livelihood… Barely a pinch.

If it hasn't sold, and you need the funds, you put yourself in a pinch.