Cash that sits is useless and losing value my the second.

Second, you’ll pay a higher rate with a shorter payoff.

Amazon is reportedly in advanced talks to open their second HQ in Crystal City,VA in the DC area.Not surprising I guess , especially with Bezos owning Washington Post and would be beneficially for them do be near D.C as far as lobbying etc . 

I already own 1 and am looking to purchase a second, but do not want to have all of my cash tied up for too long.

First, solely for rental income (best rental yield) as first priority and capital appreciation as second priority.  

Take out an insurance policy the second after you become the owner. 

You go to Attorney B for a second opinion - and she says the exact opposite of the first one.

I second the David Birdsong suggestion.

Slowly buying will help you avoid the trough or peak as you will, in all likelihood, dollar cost average your purchases.

After I've got one under my belt depending on funds left I'll either keep it in the stock market or maybe do financing for a second property.2) Finance between 2 and 3 properties.