Maximizing The Money I Have

[Nader Hachem]

I'm looking to get my first property and what i plan on doing is purchasing a property with 15% down, rather than 20% (the lender i work with will allow for 15%). I'm aware this will have PMI for a while but its worth keeping the extra thousands to use on another property. I'll be investing in SFHs and for those of you familiar with the Metro Detroit area, i'll be looking to invest in the Redford area.

One of the things im looking for advice on is how to maximize my money. I can drop 30-35K on this one property downpayment at 15-20%, but is that the best way? i would say it's the most "comfortable" because that's what i know. Any advice on maximizing my money? I don't see 15-20% on every property being scalable as i want... i'm sure i'll find ways around that later, but i just want to focus on the first property for now.