Several cheap properties vs. fewer expensive properties

[Greg Johnson]

Hello,

I tried searching on this, and couldn't really find enlightening information. My question is: have you found it better to invest in several cheap properties or fewer, more expensive properties?

I read this article, but this struck me more as a case study: https://www.biggerpockets.com/renewsblog/2015/04/0...

Right now, I live in CA and have a duplex in OR and another duplex in CT (forced to be an out-of-state investor due to home prices in Southern California). The OR property has appreciated substantially over the years, and I'm actively considering selling it to either buy 1) a larger/more expensive property or 2) two or three new cheap properties that would all be in the same market (not necessarily Oregon).

There are obvious upsides and downsides to both concepts, but I'm curious as this community's personal and general experience on the topic (or pointers to other threads that my search missed). Appreciate any comments!