We put distilled vinegar in a spray bottle and sprayed the walls.

Use the 25k we have liquid as a down payment on a property and just keep acquiring rentals the old fashioned way4. combine 25k cash and Heloc for a larger property.5.

It seems to be a good scenario - Apartment owner is nearing death and his kids want to liquidate his buildings fast.

Lastly, buying with minimal skin in the game is great as it allows you to be liquid and scale. 

Be aware that in time of recession - commercial banks are way less liquid than residential- government sponsored entities like fannie mae / fha / va that get to print money from uncle sam4plexes are still residential  I also find that the appreciation - percentage from the purchase price for fourplexes now is higher in then for apt complexes Its harder to get and maintain insurance on apt complexes then residential 4plexes.

Oh, and your net worth has to exceed the loan amount while 10% of that loan amount has to be liquid after closing. 

Looks like you can tap into 200k of liquid cash without selling.

if you want to stick in your area thats great, but if you would rather be passive i could think of a dozen markets better than fresno.. if you are liquid 50k+ it might be better to partner with a more experienced investor.. but first you need to identify which path you want to take..

Sir  please refer to the contract .In the contract it states that if the customer unilaterally cancels the contract the deposit is kept by the contractor as liquidated damages . 

Am i naive to believe that renting properties in NYC with little to no liquidity is impossible?