The purchase of the multi family instead of the BRRR seems like a better idea since we are not guaranteed to find a multi family to BRRR with the amount of money we have to use.  

Hello All,I am currently purchasing a 2nd mixed use property in the same market. 

With $200k to invest you could purchase a nice little portfolio of 2-4 units properties her in Columbus.  

I purchased a property via auction in Fostoria, OH.

fbclid=IwZXh0bgNhZW0CMTEAAR1xMWkQcObAajE2Jnm-MvgzUzmtBFZ1DsJfmpng54xOTFdQhD4ILA3skgE_aem_dq00HGIkgh6rlSf94ILsuQ2—Several multi-million dollar expansion projects are happening in Grand Rapids right now, which will continue to drive the need for housing and purchase value up. 

But when I have an appraiser come back with comps from a year ago from when I purchased the building and then they refuse to recalculate based off of recent comps, I'm not going to be interested in working with that person again.

Hello Carlos,I can help you analyze this deal, but you need go provide more info, what is the ARV, what is the purchase price, is it rent ready, are you going to have to do any rehab. 

Pull out the $140K and purchase your next property while renting the first property. 

Here’s the plan I’ve come up with, and I’d love to hear your thoughts on its feasibility, potential risks, and any improvements you might suggest.The Plan1.Pay Off Mortgage: I currently have $170K left on my mortgage, and my goal is to aggressively pay it off in the next 1.5 years.2.Establish Emergency Fund: Before making any big moves, I’ll set aside 6-12 months’ worth of expenses as an emergency fund.3.Extract Equity: Once the mortgage is paid off, I’ll pull out the equity from the property.4.First Flip: Using the extracted equity, I’ll purchase another house, fix it up, and sell it for a profit.5.Reinvest Flip Profits: Instead of buying another property immediately, I’ll use the profits from the flip to renovate the original property, aiming to increase its rental income and appraisal value.6.Reappraise and Extract Equity Again: After renovating, I’ll get the original property reappraised and extract additional equity based on its increased value.7.Purchase Rental Properties: With the additional equity, I’ll start purchasing rental properties that offer positive cash flow and have growth potential.8.Leverage Equity Strategically: I’ll use equity from the original property and any new properties while maintaining a healthy loan-to-value ratio (LTV), ideally around 70-75%.9.Build Rental Portfolio: I’ll focus on acquiring a mix of property types (e.g., single-family homes, multi-family units) to diversify my investments.10.Focus on Cash Flow: I’ll prioritize properties that generate consistent positive cash flow, ensuring that rental income covers all expenses, including mortgage payments, maintenance, and management fees.11.Long-Term Hold: I’ll hold properties long-term to benefit from appreciation and tax advantages.

Setting aside the potential for improved ROI for a moment, here's how the (over-simplified) numbers look to me personally.If I were to buy 50% outright, that would be 22k net income / 340k purchase = 6.5% CoC ROI.