I would sale the California property and apply that to the new TX home and save the rest for R/E Investing.

Even if you find a hard money lender willing to give you 90% of cost on your first one (which is both rare and probably not wise from a lending perspective), I would want some liquidity available (not in the form of credit) just in case anything goes wrong and you need to come out of pocket for additional costs.

Lastly, even if you do have $200k liquid, why put a big chunk down when you can move in for considerably less?

This year, I have the money to max it out again, but I don’t know if I’d rather keep it liquid for the next real estate deal that may come along.

Some funds may be more liquid than a syndication but each fund and each syndication is set up differently.

The lot had a previously approved tentative tract map that expired a few years ago.

There are Lines of Credit Available for Fix & Flips - LOC Amount = 10x your liquidity up to $20M

Hard money: “The Pros and Cons”Pro-All CASH Transaction-Quick Closing Times (<14days)-All “Rehab Cost” are covered in Loan-Lower Leverage for Buyer and more Liquidity-Flexibility to buy Distressed and Value-Add Properties-Loan based on Property and underwritten so Borrower is Profitable-Does not show up on Credit Report-No “DTI” (Debit to Income Ratio)CON-Higher interest rate than Bank-Shorter Repayment Schedule (<12 months)-More conservative evaluation of the Property’s Value-Not doing your research and working with a “Bait and Switch” Lender (check out our post on this)Real Estate is one of the most dependable and powerful ways to grow your wealth.

We just stopped contributing to it monthly to start having more liquid funds, which was $550/month.

Not to mention the fact that the market conditions are changing and they're likely to want to liquidate this thing.