Newbie - 10 properties, what is next step?

[Chris Hill]

First time posting here.  I live in Ogden, UT and currently have 10 townhomes that I rent and manage myself.  My goal would be to have 20-50 doors in the next few years.   I put down payments all of the properties, very fearful at first, but now I am hooked.  I can see the potential if I can scale effectively.  

The townhomes I purchased were about $120K, and are now selling for $220K. I am in it for the long haul and would rather not sell them even though my equity has grown significantly. I like the townhomes for not having to deal with any exterior items, and I'm OK with the HOA payments.

I'd like to get more properties.  Rents are about $1200 on the townhomes, but with the townhomes now selling for $220K, I wouldnt be able to cash flow with higher mortgages.  I would love to do a multiplex or something larger.  

Is this just a terrible time to buy?

Would you recommend SFHs?  (those prices are high as well, and cash flow would be a challenge)

Bottom line, what would you do to grow now and not wait for prices to drop, if/when they do?  Hopefully I have provided enough info.  Thanks!