Seeking Investment Strategy Advice..

[Logan Gonzalez]

Hello, investment noob from Texas seeking advice. In summary, I own a rental free and clear. I just inherited around 30k. Which route is more promising? Sitting on one paid off rental, using inheritance to make down payment on another? OR sell rental, combine profit with inheritance equaling roughly 140k altogether, and make 4 or 5 separate down payments on multiple properties? My goal is to have multiple rentals, but I'm not sure if there is some hidden advantage to financing several if I have one paid in full, or go all out and make minimum down payment on as many as possible at once. Thanks in advance. 

[Bruce Lynn]

Why not cash out refi the first taking out about 50%.  Combine that money with the $30K to go buy another or buy another with a 50% loan.  That keeps you pretty conservative on leverage and helps you go buy another.