Newbie financing question

[Adrienne Binder]

My husband and I are wanting to start investing into single family homes in a high demand/low supply area near us. Homes run from $160-$200 turn key. And have gross yields around 10%, Coc has high as 14% and cap rates around 8%. We are starting with $300k now and will be investing $500k more when an inherited property sells.

What is the best financing strategy for long term success? We both have good credit and recently applied for an LLC. Should we buy the first in cash and then finance a couple? Should we put 20% down on several? Our goal is to grow a business to leave to our kids and have more time together as family by working together in real estate/property management full time.