I've considered simply buying properties with that cash and avoiding financing all together, but I'm afraid that will lead to a significant portion of my cash "sitting on the sidelines" more often than it's being put to use.  

The alternative (waiting for a downturn) could leave you on the sidelines indefinitely.

@Mitchell Chingay, it's impossible to predict when markets will have a crash like event and @Erik Whiting is an example of how expensive it would have been for him to sit on the sidelines waiting for a crash to happen.

Your money sits on the sidelines for a long time until a good opportunity comes around.

If you sit on the sidelines waiting for some phenomenal deal, you may never pull the trigger on anything.

The good news is that you're actively involved in real estate investing and not stuck on the sidelines with paralysis by over analysis.

I don't want to be on the sidelines waiting for too much longer as my rent just went up — I'm wanting out.You all are definitely inspiring me to stick with the multifamily from the get-go.

(about 8 doors, but there are mortgages)You left corporate to be an entrepreneur so money fluctuates right nowYou have about 85k on the sideline in liquid for an investment opportunityWhat you do next in the current real estate market if anything?

Nothing is worse than sitting on sidelines.

Understandably I am frustrated with sitting on the sidelines and not having a property yet. any advice is welcomed?