Should I buy Multi or SFR in my situation

[Adnan H.]

I consider myself new to investing as i just recently am looking at real-estate as a business rather than hobby. I have 4 SFR and 1 Multi (4plex) currently under my belt. So more or less I have experienced both to an extent.

Here is my dilemma, I am in the process of fixing up the 4flex (cosmetic) to get a cash out. I may get something around $80K. I have another $30K saved up. So give or take $100K.

I have 3 options,

• 1.Buy 2 SFR and make $900 each = $1800 a month (In a B area)
• 2.Buy 3 houses and make $800 each = 2400 a month in a (C area)
• 3.Use this money as down payment to buy an apartment which after payment would probably bring in somewhat similar cash flow (In a C area).

Pros and Cons

• 1.In the future I may be able to refi and get the cash out but finding this is very challenging.
• 2.May not cash out as property value may not appraise cash gets stuck but does not add to debt
• 3.Not sure how if property can be refinanced due to area. Cash is stuck and there is huge debt. 

Any advice would be great