First Rental Property Purchase

[Mark Ross]

I purchased my first rental property this year (condo) due to market conditions I had to close quickly with an all cash offer. I fixed the property up for long term rentals which has been rented out. Would It be better to leave the deal with no mortgage or should I go take a mortgage out of the property now to pull some cash out to get a second property? What type of loan should I look to get on the rental property if getting a mortgage would be the smarter way to go?