Hypothetical - 35k either cash or mortgage
I am doing some hypotheticals and assuming I have 50k to invest in a property to hold that's 35k. What deciding factors would you consider on either doing an all cash vs mortgage?
Assumptions:
1. Appraisal - 70k
2. Market - depressed
3. EST Monthly rent - $550
4. Needed repairs - 8-10k
What would you do? All remarks appreciated.