100,000 in cash, now i need to pick one of two ways to proceed.

[Patrick Martone]

-I have 100k in cash. After establishing a track record I may consider partnerships

-I am familiar with NJ, Houston, and South Florida. alternatively I may do Charlotte or Raliegh, Dallas, Columbus, Minneapolis, or Nashville memphis.

Scenario 1. My goal is to househack and rehab myself a 4 plex and cash flow it. I can go the Streamlined FHA route and refi later or put 20% of my cash down on a 30/yr.

Scenario 2. I start by flipping SHFs with the cash I have to build more capitol towards a 4plex (Scenario 1)

Should I just jump into scenario 1?

Should I build up more capitol through scenario 2? 

What areas would you recommend?