Multi-family advice needed

[Ian Murray]

Hey bigger pockets community, I need some advice as a newbie.

I have three properties available for purchase all in the same area:

1) Four-plex (4 x 2/1) $225K, rent is $2400 per month, CoC 16%

2) Duplex (3/2 and 2/1), $135K, rent is $1750 per month, CoC 20%

3) Duplex (2 x 1/1), $90K, rent is $500 per month, CoC 20%

I could purchase the four-plex or both duplexes with financing (20% down, 4% for 30 yrs).  The other option is to buy the small duplex in cash (I can get it at $25K under market from a wholesaler, who will still be making a hefty profit).  Then, I could refi it in 12 months to take out the vast majority of my purchase money, leaving less cash flow but all profit.

I appreciate any input.  Thanks.

Ian