Cash Purchase VS. Financing - which is better?
I am in the process of purchasing my first rental property in an area that I have researched heavily. The purchase price will be about 10% of my liquid cash and will cash flow 8.22% net (after taxes, insurance, and management fees). My break even would be 11.25 years. I am leaning toward purchasing the property for cash in order to 1.) avoid interest and 2.) increase my monthly cash flow. What is the downside to a cash purchase? Would you rather finance? Why or why not?