Help!! Preffered option when buying an IP

Hi to all,

I want to know what would be the preffered option when buying an IP.

i have $85,000 cash, earn $4,800 per month net and have no debts.

How would you structure the loan if you wanted to purchase the property in $500,000 range?

Would you use more deposit than 10% or use half the money and leave the other half in withdraw facility or similar?

Let me know on your different strategies you may undertake if you were in my position.

In the near future i would like to use the equity of the ip and buy another ip and repeat the process.

thanks.

michael