Choosing real estate niche

[Vishnusai Yoganand]

Hello,

I started out on my real estate investment journey on biggerpockets from last week. After spending a couple of days, I had a few questions that I had to get an clarity as to which niche I should be choosing to invest in.

The strategy that I have decided on is either buy and hold or syndication.

The niches that I am interested in (in-order of priority):

1. Multifamily properties

2. Small apartment complex

3. Large apartment complexes (syndication)

The money that I am planning to put down: $100-150k

I need help to decide which niche I should consider focusing on for now to maximize my RTP (cash-flow) with also good property appreciation. I have been hearing and reading a lot that the market is inflated right now and getting a property with good property is rare. I was more so looking at a cash-flow of $200/mo/unit (minimum). Is that possible with any of the niches right now? Which niche would reward me with better cash-flow?

I am based out of Seattle and would like to invest ideally in a property near me. But I am open to out-of-state investing as well

Would appreciate your insights,

Thanks,

Vishnu