Fortunately this regulation expired last month. 

@Lynnette E.

So while you may think you are liquid and have “available capital” on a HELOC line, it may not always be there if the lender decides they don’t want the risk of that line being out there any longer.

Long story short, their lease was due to expire on June 1, 2020, but in February they requested a lease break to exit the unit on April 1, 2020.  

I'm a fan and personally keep my liquid funds in a high yield savings account.

Where would you start to grow a business that you could liquidate in 10 years if you had $500k?

Your best bet might be to let their lease expire and then give them notice that you are not renewing their lease.  

Credit score: 736, liquid assets (stocks and cash): 130,000My current plan of action to reach my end goal is to use an fha loan for a multifamily, refinance after a year of living there and turn that into a full on investment property.

So stagger them to expire in late winter/early spring and you will be in the ballpark to begin leasing mid to late spring....~ when kids are out of school and parents are starting to look for where to live for the new school year.  

My closing costs will be roughly $2500 PLUS they are requiring 25% down payment.I have the liquidity to put in the extra 5% and $2500 closing costs, BUT I’m wondering if it’s even worth going through this.