Go all in or spread investment out?

[Christine Walthall]

If you had $200k to invest in real estate, would you put it towards a down payment on a single property or spread it over multiple cheaper properties?

My specific scenario is buying in an expensive, high growth/appreciation market. Less concerned with cash flow. Deciding between buying one duplex in a well-established neighborhood or several cheaper SFH in a transitional neighborhood with all signs pointing to high growth over the next few years.

What would you do?