Buy cash or use Mortgage??

[Pillar Jane Lagrito]

Me and my husband have refi'd our house for the purpose of reinvesting the cashed out money from the refi. We are looking into buying our second rental, and first out of state investment. With the current trends right now, where interest rates are high, and the market is unstable, would you advice buying a house in cash or using a mortgage? If we buy in cash, we plan to lowball and do cash out refinance when the rates get better, and use the money again to buy another house.. But if we buy with a mortgage, we can probably get 3 houses with the cash we have on hand.