What makes more sense “as a business model”

[Milan Obradovic]

I am deliberating two possible scenarios for myself in the future to continue down the path of working for my self and family as well as investing. Scenario: 80k-100k cash on hand not in a rush Option 1 potentially: Find a older duplex 30-40k for cash with a higher estimated arv than the projected rehab, rehab property, rent, refinance. BRRR pretty much. Pull money out and try again. Option 2 potentially: Put a 20-25% down payment of 40-50k for a multi unit with less rehab after the fact and rent. Collect cash flow and save up. Personally option 1 feels more like a year round business if that is your main focus to generate income. Option two seems like a side business next to your full time job. Option 1 potentially more risk but if done with diligence can be very lucrative. I am interested in hearing from people with experience on both sides, and what potential worst case scenarios there are not just success stories. Also, mostly from self managing investors who have under 10 properties. Thanks!