Approved for 375k but should I spend it all? LA

[Mike Gee]

Hi everyone,

I recently got approved for 375k, and I was looking to buy something in LA. If I wanted to eventually leverage this property to buy another, should I look to spend the maximum amount I'm allotted? 

For some background info I plan on staying in the area and would be using a part of my home as an office, so it may have some tax benefits I should consider. 

Any help would be really appreciated!