Get it set up now and it will sit and can be used very quickly.

Investigating Days on Market:When you see homes sitting on the market for 60+ days, it does raise a red flag, but it doesn’t necessarily mean rental demand is low.

Why would they take 120k cash now unless it's been sitting?

But I took action and did not sit idle. 

I've got money Just sitting in the bank anyway and wanted to Just pay it off.

Lastly, make sure you are meticulous when doing your Due Diligence a lot of investors bought properties to flip at the end of the hot COVID market but now those homes are sitting on the market or were forced to rent them.

I hate to have that room sit empty and I’m happy to pass it on to someone who can use it!

That being said, you have plenty of reserves where I think you can make a significant down payment and would be able to find something that cash flows.Plus its better to have that money in some kind of asset that grows in value, tax deductible, and bring in income; rather than it sitting in the bank. 

Either way, you may sit empty for a bit until you get the price right.

This is why it is folly to believe one can simply acquire a property and just sit on it forever and all will be fine.