Loan of $126K to $157K to start rental investment?

[Carl Talley]

I am almost ready to purchase my first rental. The way I am doing this is by putting a mortgage or ELOC on a piece of property. I believe that I should be able to get between $126K to $157K. Now here is the question, would you use this cash as a down payment and buy multiple homes, or buy one or possibly two homes for cash? and how would you pay off the original load and grow the investment?

[Sam Shueh]

I will only try to get one before getting carried away. Most of the areas home prices are or getting too expensive to make sense. In not very distant future the down hill ride is not fun for investors.