200k and a very low dti what would you buy and why

[Patrick Thomas Dickinson]

I have 200000k for a down payment and the ability to get around another   400000k in lending from a lender 

I own 2 single family homes, 1 in California and one in Texas there both newer and knock on wood don’t give me to many problems. I live in California. 

Im just wondering what would your next purchase be if you had my finances. I want to scale faster so I’m thinking out of state multifamily but any opinions would be appreciated.