Buying a full property in cash vs. Financing several properties

[Eric V Harding]

This year has given us an opportunity to dig in to what we've wanted to do for a long time, BRRRR.

For our opening move, we could go all in and cash only with a nice turnkey property in Florida via a REI partnership firm. This seems like the best option as financing isnt an issue and the monthly cashflow will be muscular. However, it may take awhile to build equity in the property and thus buying a second property and repeating.

What is the argument for breaking up that cash and using it for down payments to several properties in the same market with the same REI firm? Would lenders even allow this?