Portfolio Building ! Help!!!

[Shaun Robinson]

I'll get straight to it. I am a new investor with only three flips under my belt. My current goal is to build a rental portfolio with cash flowing and appreciating assets while flipping for additional capital. I prefer to hold multifamily, but it's I'll hold anything that makes sense. I currently control a property that I am wrapping up the rehab on, but I'm unsure if I should keep this property and pull out 70% of the equity or unload it and search for something better. I know I must consider the capital gains if I decide to sell. I've also been pre-approved for up to 400 which I'm using to search for a multifamily, a 4 unit specifically. Below is the break down of my situation.

SF home... 4b 4ba in D neighborhood. The ARV is 165k, but I'm all in at 120k. That's including a 20k note that's left on the property. I bought this property seller finance for 30K with 6k out of pocket. I likely over-rehabbed it with funds from a previous flip, but it's a really nice home on a quiet street (C-/D+). I could probably get 1250/mo rent or sell and walk way with about 133k that I'd still have to pay taxes on.

The deal I am interested in is a 4plex that is 75% occupied. Asking price is 225k. The vacant unit is move-in ready, but I'm sure the entire property could be updated. The current rent for each 2bd 1ba is 725. I'm willing to occupy and go FHA as well.

Based on what I've shared about my goals and my situation, does anyone have any suggestions? Thank you to anyone willing to take time to look at this with me.