Letts - congratulations, you've done very well at such a young age.
It depends on your goals - at your age, I'd suggest buying the worst home in the best area you can afford. Get in there and renovate and add value to the property.
It will then allow you to leverage the capital appreciation in the home to refinance and purchase an additional property. It's exactly the way I did it; I bought run down, renovated, rented it out, and then had the property valued to release the equity to purchase the next one.
You need to sort out a plan with your accountant / financial advisor to structure things properly.
