Conventional loan VS applying for Commercial loan, expanding MF

[Salome D.]

Hello. Hubby and I live in Cali, have few SFH rentals I want to 1031 (or maybe keep). WE want to transition to MF (maybe start with 4 plex or small commercial multi family, like 5 and up). We are accredited investors. Would like to get your input. We will do this out of state, possibly TX, TN. What would be a good strategy, start with a 4 plex or start getting commercial loan? Any recommendations for good lenders with competitive rates if we go conventional? Also, looking for commercial banks or lenders if we go for Com loans? Benefits of staying with conventional loan VS doing Commercial as I want to expand this MF business? Thanks so much in advance! Happy Monday.