$100,00 in cash. Single property or multiple?

[Phil Fry]

I am looking to purchase a condo in the $100,000 - $150,000 range.

I have $100,000 available in cash, and it's tempting to just use that all for a down payment in order to greatly reduce my mortgage payments. However, I am also wondering if it's better to use the bare minimum for a down payment (20-30k) and instead hold on to the rest for buying 1 or 2 additional small condos.

Thanks!