Buying an investment property in cash and then adding a mortgage later

[Mike Zamolo]

I'm in the process of trying to purchase a rental property and wanted ask about adding a mortgage to a property later. In a perfect world, I would pay all cash for the property now and then maybe a year or two later i would add a mortgage to the property when interest rates hopefully come down a bit. Are there any issues related to doing it this way? 

[Dave Skow]

@Mike Zamolo- you can  always do a  cash out refinance  on a  free and  clear  rental  property  1 yr +   down the road  ...you will likely be limited to 75% ltv of the appraised  value  and  subject to the  rates at that time