This is my first post, I need advise

[Daniel Franklin]

Hello everyone. I will be receiving roughly $200,000 in in inheritance within the next 1-2 months. Is it better to invest in 3 houses, taking out loans at 20-25% down payment, or buy outright cash one property for the whole price? I know that is very generalized and a lot of nuance goes into it, but in general I don't know what the best course of action would be. Any and all advise is very helpful. Thanks!