What would you do in my shoes?

[AP Horvath]

If you had a few hundred thousand in cash, ready to invest in RE -- what would your RE investment strategy be?

Spread it around? land, multifamily, SFR, commercial or simply concentrate on one specific type of RE investment?

How much debt/leverage would you take on? And how would you prevent a downside scenario? 

Context: I am married. Zero debt other than personal residence. Married with 4 young kids. Make money in tech.