Quad pled or commercial in Panama City?

[Brad Penley]

I’m moving to Panama City with a 1031 exchange and must buy something greater than $500,000 with $100,000 down. I also have another $100,000 I could put into my primary residence and want to house hack by living in a quadplex in a nicer part of town. Should I step up and buy a commercial property or buy several multiunit residentials and baby step my way up to commercial apartment? I’m a novice and have only managed a duplex and a single family home at the same time.