Investing in third property with 10 or 20 percent down.

[Francis Hermanson]

Hey everyone! Im a beginner real estate investor in Northwestern Ontario and have a few questions to ask.  Im in the process of buying a third property for $150,000 with a 20 percent down payment which would leave me with a mortgage of $120,000.  I keep reading and hearing from some people that if you can use as little of your own money as possible than that is the best way to go.  I like the sounds of that, but is that really the smartest way?  Here in Canada the banks will not give someone a mortgage for an investment property with less than 20 percent down, however, I have been looking around and may have found some mortgage brokers that know some lenders that will allow someone to have less than 20 percent down.  Right now, for my particular situation, if I put the 20 percent down I am liquidating basically all of my cash on hand.  Would it be the wisest for me to get financing with a lesser down payment so that I still have cash? Any comments and advice would be greatly appreciated.  Thanks a lot!