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

@Izick Khanimov You could also have the option to do a cash out on the property and then find someone that will give you a Line of Credit based on your liquid cash to use towards funding fix and flips. 

An attached photo shows that the correction may have been made with spray foam and electrical tape. 

We recently purchased a couple duplexes off market from a gentleman who was liquidating his portfolio because he was in retirement mode.

But still it seems like it might come down to the availability of your personal liquidity to carry it if you make a mistake.Kinda seems like a "There's more fish in the ocean" kind of situation.

Assets: 10k in a ROTH IRA15k in semi-liquid investments12k in cash2.5k in a 401kLiabilities: Mortgage of 197k on my current unit1k in student loan and retail debtI am currently house hacking in a 2 bedroom condo.

Opinions differ on this, but to me, a company that requires cash has a liquidity problem that could be indicative of issues higher up the food chain in their business model.

I can bring about 20k to the deal, but really I'd rather just cut myself out of the deal, keep my money liquid, enjoy the privilege of the experience, and move on to my next deal.

With some luck by the time you retire you then liquidate everything and retire on your invested income to the south seas.I personally love leverage and pull as much equity from a cash flow property as possible and invest it else where to maximise my ROI.

Where I don't have a lot of cash liquid. or rather if I paid the down all by myself and things go wrong, I'd fall into financial difficulty.