One Expensive House or Multiple Cheap Houses?

[Account Closed]

I'm struggling to determine what to do with the cash I have. I have $30k cash saved up to use for REI, and access to a loan which qualifies me for 10% down on MFH and 3% down on SFHs at a low interest rate.

I think it would be smarter to break this cash up and use it to buy 2 or 3 properties, rather than blowing the whole $30k on one down payment. This would likely be a better use of leverage, as long as all of the properties I'm looking at are appreciating similarly, right? What is the conventional wisdom here? I don't want to lose momentum after buying my first house and having to wait a year to save up for another down payment...