Should I pay cash or should I finance?

[Wakes Andre]

I would like to buy a rental property for $120 K. I have two options to pay it cash or finance it and buy two similar properties.

Which would be a preferred way in this situation to pay cash or finance and why? 

Example 1. Cash

• Price: $120 K
• Tax: $200
• HOA: $300
• Insurance: $50 per month
• Rent: $1200
• Profit: $650

Example 2. Finance 2 properties

• Price: $120 K 
• Tax: $200
• HOA: $300
• Insurance: $50 per month
• Rent: $1200
• Down payment: $60 K
• Principal and Interest: $310
• Profit: $340 per property = $680