That's an oversimplification. Asset vs liability isn't a binary state but a superposition. An asset can carry liabilities. Your asset might generate $10k a mon

That's an oversimplification. Asset vs liability isn't a binary state but a superposition. An asset can carry liabilities. Your asset might generate $10k a month in revenue, but at the same time may have a high chance of needing a $100k investment in upgrades and repairs to remain productive.