What would you do with $200k?

[Account Closed]

I have about $200k to invest in RE. I'm currently househacking in a cashflowing duplex and lean toward a buy and hold strategy. 

I'd like to stay within about 2 hours from home (closer is better). I live in Portland Oregon, a hot competitive seller's retail market with a median SFR price of $340k.

I'm looking for 1% rents of sale price + CapEx and generally focus on multifamily.

My question is, would you try to somehow find an amazingly cheap duplex (I prefer B to C+ class neighborhoods) for all cash, or use the $200k as a DP on a commercial multifamily of $700k or less? 1040 shows very little Schedule C income from the duplex and low income in general. Credit is excellent. Lots of student loan debt.

I lean toward getting a small commercial multifamily to greater leverage the cash and also because my personal income would not be as much of a factor as it would were I to finance a 4plex. 

What would you do? I don't know whether I should be on the courthouse steps to get a light flip and raise more capital, look for a reputable wholesaler for a good deal I can hold or flip, or leverage the cash with a bank (or other) loan. 

I'm also open to another househack if it's the right 3 or 4-plex, but that doesn't require all that cash.

Thanks in advance for your insight!