The only problem with that approach is that we lack the liquid cash to purchase the properties and the repair materials.

Lumber Liquidators also has a lot of vinyl that looks and feels pretty awesome, though I have never tried it.Though it's "scratch resistant", if you drag furniture across it, it will leave a streak.

I actually just closed on 2 houses before end of January and am scheduled for another closing of another house all being sold from a landlord who is liquidating.  

I have a lot of assets, very little outgoing, zero debt, a large amount of liquid assets and a decent amount of income.

I probably would have Self Directed more in the earlier Passive Investments, and saved more of the liquid capital to do more deals as a Key Partner, and given me more liquid to do my own deals.

You could come in with that during the refi, if you wished, and keep that $125k liquid in case some estimate is off or some unforeseen expense comes up during the renovation.

If you need short term liquidity you take a real chance of taking a 30% or more loss when you convert to cash.Here are some questions, if you do not know the answers to them, do not go near the metals market.1)  Why is platinum cheaper than gold? 

-JordanThe laminate from Lumber Liquidators should be avoided; they have been in the news about this problem of the offshore manufacturers producing laminate flooring products with excessive levels of formaldehyde. 

@James Bitakis Your real question has more to do with when and how much due diligence to perform prior to buying.If buying distressed assets at a liquidation sale such as a foreclosure auction at county courthouse, pro investors learn efficient ways to research title on each and every property prior to sale. 

To answer your questions-@Iman Yu1) I'd say deals with large spreads in which you don't have enough liquidity to purchase the deal with your own cash.2) At the financing ?