Save money to pay all cash for BRRRR or finance a SFR?

[Eric Brunner]

Hello Bigger Pockets!!!

I live in South Florida where Single Family 3/2 homes are tough to find less than $250K. Based on that I am looking to acquire my first single family rental in another market for a price no more than $100K and BRRRR. I have around $50K saved so far for a down payment. My question is: Is it better to wait until I have 100% of my cash to pay all in advance or finance with say a 50% down payment? Which is less risky for my first deal? My fear in waiting is that it may take me another 2 years to get the money for a 100% downpayment while inflation and opportunity cost chip away at my savings. Im getting married and a couple kids will be on the way in the next 3-5 years so I am inclined to finance a deal now to take action however I don't want to be more risky than necessary.

My goal is to scale to 10 SFR in the next 5 years.

Your all’s insight is greatly appreciated!