Alternatively I'd recommend extending your search into the surrounding suburbs as multis can be somewhat easier to find just outside of the city.

Hi,I’m 22 and my wife, 23, and I just graduated college, got married, and moved in together into a rental property. We don’t make a lot of money, my wife is still in school to become a nurse so she works part time, an...

*near RV parks, hotels, tourist attractions, restaurants. 

If not I would sell the flips and try to find a market with higher cash flow for buy and hold, or alternatively stick to flips for now. 

(Especially if all their alternatives are hundreds per month more.) so really option 1 & 2 are your choices. 

The type of home you get will affect the type of tenant you attract.

I believe that option 2 is more attractive to this class of tenant than option 3.

They are popular here because they allow for investment into real estate and other alternative assets instead of being restricted to stocks.

Additionally, if I were to investor-occupy as the sweat-equity, numbers-wise I would assume a duplex would be less attractive than a 3-4 unit property. 

@Pedro MoraisIt depends on the ownership structure of the LLC.sIf you are the owner of both LLC's, you can't directly make a contribution/distribution from one LLC to another.You can create a loan agreement between one LLC to another.The alternative is for one LLC(with the surplus) to make a distribution to its owner(you) and then make a contribution to the other LLC.If one LLC does own the other LLC, then yes, you can make contributions/distributions between eachother.