plea for advice from those more seasoned

[Stephen Sawrie]

i have about 200K burning a hole in a newly minted SDIRA-owned LLC that needs investing. i have invested with after-tax dollars in this market and know it reasonably well. two options at this point. curious what others out there with more experience might add. any guidance or perspective would be appreciated.

1.  an 8 unit apt complex (2br/1ba, 800 sq ft each unit, 2 units per building, 4 buildings with a central parking lot, 2 spaces for each unit, all sitting on one acre, all brick, built in mid-90s, reasonably well positioned geographically, currently renting $500/unit, probably can't go beyond $550/unit in the foreseeable future, history or renting reasonable well).  price 250K, would lay out 150K cash, finance remainder over 10 years with non-recourse loan, which is pretty much already lined up with local banker.

2.  pay cash for 4 SFD, 3/2, each costing about 40K for purchase and renovation.  each rents for 750-800K/month, which is going rate for the area.  and yes, these are available, but it would likely take 6 months or so to find and purchase the four.  total cash outlay similar to option #1 above.  plan would be to add similar units as cash builds over time.

everything else being equal (and of course it never is), WWYD?

thanks in advance.