Obviously you still want to know, like and trust them to some extent, but if they're just using liquidity to guarantee the loan, and not really going to be involved in the day-to-day, then their personality/vision/goals becomes less important.

It loses you money.Think of your cash represented in 2 forms, liquid (cash flow) and solid (equity). 

We currently have about $25k liquidity available towards our next deal, which is not significant. 

I had to get a 'gift' from my mom to show 2 years of liquidity in an account, in addition to a bunch of other requirements.

After your first year of owning a rental you can use the "schedule E" on your tax returns to show your rental income as well.

What percentage of expiring leases will renew their lease each month?

There is work involved in it, and the bigger you're holdings the more time you may have to spend Doctern' them.And if you take all of your time and spend it on business, your marriage may suffer and that means being liquidated in Divorce court with an MD Degree...

This helps you in determining when the lease expires, what their actual lease is and what is exactly included and not included in the lease agreements.

Additionally I have liquid assets to cover a 20-25% down payment on a triplex I found.I have W2 income and this year started a side hustle so will have 1099 income to report as well.

Looked through owners P&E statements to make sure no major things coming up last 2 yrs2.