Financing advice

[Justin W.]

I have an offer on a small rental property. It has 2 houses on it. Smaller house is 2/1 and larger is 4/2. Purchase price is $140K and current rents are $500 and $1000. My question is about financing. I have a decent amount of cash available for down payment, Up to $60-70K. I'm trying to decide if it would be better to put more down on this or less and try to buy another property. For example, should I put $60k down to lower payment or put $28K down and put the rest on another property. Looking for input on this. My goal is to gain enough rentals for this to be my primary cash flow. This is in a college town where rentals have a great history of staying occupied. I'm a new member to the site but loving it so far.