Growth Strategy - Go big fast, or small, diverse and slow?

[Donald Scott]

Hi Guys,

I have about 5 units across two small multis right now and want to scale. I hope my question won't be too general. It concerns growth strategy. Would you guys generally recommend growing slowly and diversifying by location or buying the biggest buildings one can as fast as one can? Let me give a scenario to be a bit more explicit.  Is it a better idea to buy a single 20 unit building, or two 10 unit buildings, or four 5 unit buildings? Assuming one has the money to support either scenario, which is the better strategy and why?

Thanks!