How to spend $80,000

[Anna Smith]

Hello BPers!

My husband and I will have $80,000 to spend on rental investments next year.  We will invest in a buy and hold, in the Memphis area.  I am curious how you would invest $80,000...

1. Purchase a home with cash, bringing profit each month of a much larger sum.

2. Use $20,000 to $40,000 for downpayment and repairs, and mortgage the rest.  Obviously, this means more of the rental income would go to pay the mortgage.

3. Something I haven't thought of yet.

M husband works full time in the military and we are NOT wanting to purchase a large quantity of properties at this time.  We already own two rental homes.

Thanks!  Anna