It's the source of most of my liquid cash.

It makes sense that this money be liquid to use at a moments notice, but it'd also be nice to get a return on this money, wouldn't it?

But I liquidated all of my assets as well as my investors assets a long time ago in Michigan and moved us all to investing in Toledo area.

@Cynthia Gomez - we may be able to use your flip experience, depending upon the extent of your rehabs and how long ago they were.Also, credit, liquidity, land entitlements are all going to be very important.

But, ultimately it basically boils down to retaining cash/liquidity in the event that you desire to make additional investments (or, as it seems your concerns may be hinting to, in case you need it for something else).

For the standard single asset syndication the timelines just don't work).But beyond that:Most institutions want to see 15 yrs of track record before investingMost institutions will require 10% co-invest, and given the check sizes institutions write, many syndicators don't have that kind of liquidity available.Most institutions will require a true corporate structure.  

On the other hand, this lender is also very picky, for example they require 100% liquidity of the borrower, meaning someone would need $3m liquid to get this $3m refi (& you don't get to count loan proceeds towards that liquidity).

I was planning on using an FHA loan 3.5 % down but I make about 80k a year and have about 120k saved liquid.

Personally and this is just my opinion, but I am not a fan of 100% financing as gives you no liquidity and not many options if you needed to exit the deal for some reason. 

Investing 100% of your liquid assets as a down payment and having no reserves to carry you through the rough patches.6.