May be beneficial to join prop radar and refine search options to search this way.

To your question about the two different options, I think you could likely do both of your scenarios based on the capital amount you have. 

The best option is to proceed with a cash-out refinance utilizing a DSCR loan. you can grab up to 75%LTV all by using the current tenant's lease agreements to cover the debt service requirement.

If you like single family investing, you will have a lot of solid options there.

A couple of options for you to consider: 1) Just let this first house-hack ride, and stack cash.

That's super small in the commercial world so that might be your ONLY option.  

You will then have a few options with that rent money....you can put it into principal or you can start saving it to purchase yet another property.

So sorry for attempting to engage on this platform - clearly this is YOUR territory.  

For a first time real estate investor, which option would you prefer?

If I do go the property management route - can i get a limited service option (say in which I find the tenant, collect rent, handle most maitnenance issues) and they primarily are liasoning with my vendors during US business hours and handle any urgent maintenance issues?