What to do.....

[Bill B.]

Hi,
I'm new. I own no property now. We live in SoCal. My wife and I have 100,000 in IRA accounts. I've identified an area that has a lot of activity, low prices that are being aggressively cut. Prices range from 25,000 and up. There are several available properties in the low 30,000 range. The local economy is on the mend. The vacancy rate is 11.5%. Unemployment is 9% but dropping slowly. I hope to cash flow as many as I can and then sell as the market continues to improve. My question: Do I purchase property outright to cash flow or do I load up on leverage making minimum down payments? (assuming, of course, that the properties are well vetted and the numbers work)
I hope I gave enough background. If not, please school me.
Thanks in advance for the help
Bill