One $$$ Property VS Multiple $ Properties

[Geo Tan]

So just to give an update on where this REI journey is taking me.

My recent gains has allowed me to be able to do a down payment of $600k-$800k which has now allowed me to look at properties from the $2mm-$3mm.

It's still the same concept but wanted to see if there was any difference now that the numbers have changed.

So for example let's say I have $700k to play with and am looking at two routes, purchasing one 2.5mm to 3mm dollar property or getting two 600k properties all in Los Angeles.

If all properties in this example are duplexes for the sake of simplicity, I still think it's a better move to go with the two duplexes that are 600k each and pay over 50% down in order to cash flow well and still earn the appreciation incentives of Los Angeles (Which if my memory serves me correctly, was somewhere around 5-6%). I'll have paid off the mortgages on the two properties much faster than the 1 expensive property since I have cash flow to supplement the mortgage payments if needed. It also seems much easier to rent out a space that's much more affordable for the residents of Los Angeles.

I get the whole part of using OPM is better but I still feel like this would be an obvious choice with less risk?

Am I missing something here?