Invest in Single Cash Deal vs Financing Multiple Deals

[Tremaine Baker]

Buying my first rent and hold property. There's this exceptional low risk cash deal that also requires some work. It will create approx 6 to 700 dollar a month cashflow BUT the cash deal on top of rehab will kill all of my cash on hand. I'm debating whether I should go with this one property or use my free cash as down payments for 2 to 3 other properties.  I think the 1st option is less risky but will make future investments difficult. The 2nd option involves more risk (which I'm comfortable with). Which should I take on??? I know there's no simple right or wrong answer here but I'm curious to hear others' perspectives.