Liquidity Rule
The central P1 financial rule: a purchase may not destroy the investor’s ability to act.
Finance ROI
Rule statement
A property must not bind the entire freely available net worth. After acquisition, at least 12 months should remain survivable under several simultaneous negative events.
Key takeaway. This section is designed as an operational reference, not a motivational note. Every claim should eventually map to a document, observation or calculation.
S17 lesson
S17 would have required purchase price, build-out, furnishing and no immediate income. The resulting low buffer created the no-go decision.
Why this is return-related
Liquidity prevents forced decisions. It protects job choice, travel freedom, tax payment capacity and mental stability.
Future use
Genova candidates should be preferred if they produce similar return with less capital binding and faster operational start.