Now you have 250k in liquid on top of your open LOC so now you have 400k in liquid that I would use towards either bigger and better ROI properties or use this as your investment funds for future flips of said caliber.

You should be able to use the bank to finance the lot purchase and construction at the same time.Now if your $300-400k is not liquid, that might be a different story.

If you have one around watch out for Lumber Liquidators specials.

For alternative assets that are less liquid there is more opportunity to exploit inefficiencies in the market and thus having an advantage provides the opportunity for far more upside.  

More than likely an attorney will be utilized in the ancillary property state and will facilitate the sale and liquidation of the CO assets and send post sale cash proceeds, net of cost of sale and court fees and administration legal fees. 

Recently I inherited some from a family member that passed and I was wondering despite not having a full time job, would I be able to find a bank that would give me a mortgage based on liquid capital that I have instead of having a full time job?  

I suggest mixing a non sanded grout to a very liquid almost water consistency and squeegee it over the  effected grout.

Regardless of the cash flow you can get in Schenectady, I just can't stomach the lack of liquidity, it feels like putting money into a 401k that you just have to assume is inaccessible for the next 20+ years.  

Yes @Ram Srinivasan, in theory I agree, a million dollar home (well assessed at $991,000 to be exact), isn't ideal for a rent-to-own or lease option, but that's the asset she's got, and I am attempting to help her liquidate it without taking a loss in a down market while getting rental income.

There is an attorney who has been hired to liquidate and distribute the part of the estate that does not include real property, and the eight other heirs have also hired that attorney to sell their 3/4 interest in the apartments at any price of the attorney's choosing.