Buy now, pay down existing mortgages, or just wait?

[Glenn P.]

Wondering what the best strategy is here. I have 9 units (Quad and 5 SFR's all on 15 yr mortgages), everything is going really well, things are cashflowing quite nicely (Bought when the market was down).

Right now, the market is dry where I am.  Not many foreclosuers.

I really would like to buy more properties but wondering what the best strategy is.  I'm looking for income during retirement - not right now.  I do not need the cash flow coming out of the properties and just leave it accumulating in my "Rentals" bank account.

Should I go ahead and buy a proprety that is not a "steal" but still a decent deal, just so I can accumulate more properties?  The cashflow from my other properties could offset a break even situation on a rental home purchased at market rate.  In the end, I still end up with more paid off properties and didn't have to come out of pocket, right?

Or is the best plan of action to pay down all of my current mortagges with extra payments?

Or just accumulate cash and then buy when the market is down?

Thoughts?  Thanks.