Rehab loan vs out pocket cash. Deal Analysis

[Eli M.]

Dear BP community,

I need your help/input in my deal analysis. I have two options in front of me either to obtain a rehab loan, which will cost me $10k for six months ( points, fees, interest) or just finance the entire deal with my own money (cash).

The rehab loan will enable me to obtain an additional property, so in six months i'll have two properties ( one with the loan, another with my cash)  but it'll cost me an extra $10k (on top of the regular down-payment which in any case i'll have to lay out) . On the other hand, my own money won't cost me anything extra but I will only have one property in six month?

How should I look at this analysis? How should I evaluate it? 

Thank you all very much in advance!!!!!