Best use of 100k for long-term buy/hold strategy?

[Zac C.]

Hi Folks - thanks in advance for your input on this - looking for feedback/opinions on the best use of 100k in capital to purchase buy/hold rental properties as a long-term wealth strategy (optimizing cash flow + opportunity for appreciation)

All things being equal and assuming financing/credit is available and in good standing - I am curious to hear your thoughts on three strategies I am currently considering :

1) BRRRR method - pay cash for (1) property all-in for 100k - perform necessary repairs, rent it out, cash-out refinance asap and repeat process over and again

2) Pick up (5) properties valued at 100k each - putting 20% down on each, mortgage the balance and use cash flow/depreciation to pay down mortgages over time

3) Purchase a multifamily complex valued at 500k, putting 100k (20%) down, finance the balance and pay down over time w/ cash flow/depreciation

Thank you all for your insight, I look forward to hearing the feedback  - Zac (Clearwater, FL)