Just do not sink so much of your liquid reserves into a property use the banks money!

I would suggest using this website to get a general idea of the locations you are interested in. https://www.areavibes.com/Its pretty cool because they give you a total livability score and you can just see the different data that they give you

How can you manage liquidity to allow for more investing into rental properties?

NewBo brought some much-needed life to that area and dare I say, made it a bit cool? 

The cool thing about the RE community is that everybody is willing to teach.

(And of course, I don't rent just to nurses, as discriminating on the basis of income source would be illegal and not cool.

Basically it will tell you the demand, pretty cool tool.

@Adam ZbiciakI've been pricing these in the high 8's and low to mid 9's for most scenarios, similar to as you've described here.If you have a larger loan, stabilized with good cash flows, strong experience with 9+ properties, and strong liquidity, I've quoted these in the 5's (at par) at 55-60LTV with a Family Office I work with. 

I have a W2 and other investment income, so it isn't like I am dependent on it, but just a cool milestone in the back of my mind.

However, some investors don't mind this strategy if they prefer not to put a lot of liquid in up front and plan to refi out within a few years of closing (which seems to be a great option with the talks of the FED reducing interest rates into 2025).It really comes down to investing in a growing market, in a good neighborhood & building a great team to support you.