I have some clients liquidating parts of 401k to take money out of the market, etc.Everyone is different in their investing strategy. 

I'm in the process of liquidating my out of state portfolio to invest locally so I'm hitting the ground running on both the investing and the construction fronts...

But the liquidity in the single family market is definitely better.Noisy tenants can cause more of an issue.Though I feel the advantages of multifamly are greater than the downsides.

I have around $100k in cash and up to another $50k I could use if needed from emergency funds and via liquidating, and then $50k I could use from a 401k loan.

With only 15k liquid, you really shouldn't be looking at one deal, but with the price points, start with one and move on from there.

In terms of my credit & financial situation, I started my credit since the age of 18, bringing me to a healthy score of 740, & I have 60K in Roth IRA contributions, 25K invested in the stock market through a financial advisor and 2K in my savings account which totals to a liquid amount of 87K.

We have ~$30k liquid cash to start from a leftover HELOC we used for some other primary residence renos, with an extra $100k in equity we could look at tapping into if needed. 

Your tenants will respect you better and you'll be adding more liquidity to your tenant pool if you do allow pets.

Purchase price: $120,000 Cash invested: $30,000 Sale price: $260,000 Selling price was $180k at the time when we decided to liquidate this deal and could most likely only attract cash offers (maybe conventional buyers but definitely not FHA borrowers due to condition).

Purchase price: $120,000 Cash invested: $30,000 Sale price: $260,000 Selling price was $180k at the time when we decided to liquidate this deal and could most likely only attract cash offers (maybe conventional buyers but definitely not FHA borrowers due to condition).