Should I invest in SFRs or a Small Apartment?

[Christopher Middleton]

I am in the process of selling my 3 rental properties which will leave me about $100k in cash. I am very excited to be in this position, but I am on the fence about purchasing more single-family residents, or if I should start investing in apartments. 

I typically invest in slightly distressed single family homes, rehab them, then rent them for a couple of years.  To do that with 100k means I may be investing in 4 to 6 homes. That is a lot of work.  Or I could take that money and do the work one time and invest in a small apartment building? 

I would use a similar strategy on the apartment where I buy it slightly distressed, rehab it, and raise rents and lower vacancy to increase my equity.

I live in DFW and the single family market is white HOT. So I will have huge competition to get a good deal on a SFR.

WHAT WOULD YOU DO?