Should I put a mortgage on it?

[Mark A. Roberts]

I purchased a sfr property a little over a year ago for $110k and it has a current estimated value of $136k. My question is should I put a mortgage on it and use the money to buy more properties or leave it paid off to continue with the higher cashflow (currently renting for $1225/CF: $768)? If financed I could get possibly get around $90-$100k from it (CF: $200-$250 possibly). I have 2 other properties 1 sfr has a mortgage and the other (townhouse) is paid off from a HELOC I used to buy it outright. Any suggestions? Should all properties have a mortgage or are there other options that I need to look at?

Thanks.