Rather pay too much for a Residential or Commercial property?
I know. You're like, why pay too much for either...?
If you had to buy some properties in a short time frame and not every one of them was going to be a great deal (let's say you were convinced RE was the best inflation hedge and wanted to park "x" amount of cash), would you rather spend too much on Residential/MF or Commercial NNN properties?
Commercial. Did residential for 20 years and done with toilets, tenants and trash... but hard to answer your question without more context of your overall portfolio, investment objectives etc...strictly for beating inflation residential is probably the better bet as rents will adjust more quickly.
If I was just looking to park capital with little concern for maximizing the ROI, I would be looking at commercial NNN properties in A++ locations.
Wealthy investors who don't care about inflation will park their money in commercial. However if you are chasing wealth/beating inflation then residential. Residential has the best upside due the historically low inventory which will not be resolved anytime soon.