You will still be faced with the passive income loss limitation.In my opinion, continue buying quality real estate investments and allow the depreciation to shield your cash-flow.This will allow your real estate investments to grow tax deferred.

I purchased a SF with cash in an LLC and now looking to pull cash out of the deal.

We have the reserves to cover, but I don’t like keeping over $100k in cash reserves.

If you have equity the best way to start the process is to do a cash out refinance and pull out some cash to use as a down payment on the new REI. 

My question: is it better to pay cash for one or put minimum down payment and finance 2-4 properties?

Yep, it even affects the cash buyers who are king now.

The next step is to pull out some cash typically a cash out refinance and use that cash to put down on another investment property.Are you strictly using your liquid reserves/earned income to buy versus using the equity to pull cash out?

Access to restaurants, snorkeling, casino, Truck Stop, etc. limited resale market, no financing all cash deal, I like Belize.  

Purchase price: $800,000 Cash invested: $400,000 Home I rent to a family of five

I'm 31 years old with two properties that already cash flow very well.