I live in a HCOL area so local properties are out of the question for me. Exploring options in small multi-family properties.
From a management and maintenance perspective, it seems like it would be more straightforward to handle four tenants at a single property as opposed to four separate properties.
My primary question is:
As I do research, I may find a handful or as few as one available property in a particular city. For investors with long distance portfolios, are you clustering all of your properties in a single city or are you scattered around the country? Seems like scattering would require you to build multiple teams to manage, which seems less than ideal. But clustering may rate limit your ability to add properties to your portfolio.
