Setting myself up for future financing and down payment success

[Patrick Thomas Dickinson]

Hi everyone, 
Needs some thoughts here. 

I am currently placing offers on properties right now. I have a sizeable amount of cash on hand ( 200K) and 450K loan that I will be using to spread over a few multifamily properties . I am a high w2 earner and my lenders have been using my current rental income to offset my debt which has kept my DTI low, so I don't anticipate having any future issues with obtaining lending for at least up to the first 10 properties I buy.

Which brings me to my next hurdle and clearly the biggest for a lot of people ( THE HIGH DOWN PAYMENTS) for these non owner occupied investment properties. I want to set my self up for success early. I am in the process of putting offers on my third and potentially fourth properties currently. 

What would you do: OPTION 1

Would you buy Multifamily that cash flows high in cash flow friendly markets and save that monthly cash flow towards your future down payments ( seems) like it would take a long time to acquire enough money to have a big down payment. ?

Option 2 : 

Would you buy property in a area that might not cash flow as high every month but had a high likely hood of appreciating in the years to come ? To me this seems like the smarter move because then I could do a cash out refi on the property and have a large amount of money to use as a down payment on further property/ properties .