If you look at it in a vacuum and remove any emotion or risk tolerance, it should simplify the question to look at each avenue for it's financial efficacy. 

@Kuriakos Mellos This is all going to depend on your own personal risk tolerance. 

Will depend on several factors like the type of property, type of tenants, your risk tolerance, other assets you own, your estate planning, laws where the property is located, etc.Any lawsuits would be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced).

I have no idea what your risk tolerance is, or your free time to focus on a flip. 

Buyer will only tolerate prices to go so high before the high price mixed with higher interest rates makes homes completely not affordable.

The answer will depend on several factors such as your net worth, how risky the assets are, how much equity you have in each property, your risk tolerance, etc.

I realize there are multiple avenues of approach here and everyone’s risk tolerance is different, I’m simply wondering if the most advantageous route would be to buy as big as possible (even if only on one deal) having an amount such as that ready to go or not? 

I love to see that if you wanted to, you could pay off the property in 12 months.With that in mind, I would say everyone has their own "risk tolerance", mine is pretty low, but not at 0.

It’s all about having an efficient portfolio that is in line with your risk tolerance and improving the quality of your holdings over time.

The backyard is an eye sore perception issue so you need to replace dry rot, paint, add drought tolerant or add a deck.If it takes also 60 some days I will be concerned with interest charges etc.