I just listened to a podcast Brandon Turner did and he talked about his favorite deal from when he first started.

@Candace PriceA lot of factors go into the rates provided.The asset, location, your net worth and liquidity, your experience, your SREO, the property financials, your relationship with the bank, your down payment, etc.Assuming you’re good on all fronts. 3.5-4.0% wouldn’t be out of the ordinary with some IO on the loan.

My favorite over the years have been MREIMREAShiftRich Dad Poor DadFlipConversion CodeE-MythNever Split the Difference The One Thing

For example I got my property from an owner that needed to liquidate due to a divorce. 

All of the cash I've flagged for real estate is liquid.

What sort of liquidity do you need? 

For investment real estate, besides the quality of real estate itself, such as location, construction, layout etc, liquidity is the key. 

They are somewhat liquid for a year unless you sell the lien so your money will by tied up for a year. 

I occupied one unit, which for accounting purposes owner occupied, and the other two rentals, where I depreciate and deduct expenses, and on the schedule E.

You want to make sure that you are investing in a growing area within a growing MSA, because growth within MSAs can also vary.Next, I want to make sure that the market is big enough to have enough liquidity, meaning that there are enough transactions going on that you can buy and sell when you want.