They are all quality tenants making at least 15k a month and seem very enthusiastic because the unit is fully upgraded with high end finishes and appliances with private garage and backyard.

@Joseph BaenaRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

Why is quantity better than quality?

Plus, you’re often dealing with a lower-quality tenant base, which means more maintenance issues.It’s not for everyone, but if you’re looking for consistent rent and less turnover, it could be worth considering.

What Qualities Should You Look for in a Borrower Before Offering Private Money Loans?

Also greatly important are quality contractors at great prices who won't disappear with your 50% deposit.

My instinct tells me yes if I can find quality properties at my price point, but that there could be some benefit to putting it all on one potentially more reliable/higher quality structure. 

Are their listings detailed with good-quality photos?

Gilbert, for instance, is known for its excellent schools, high quality of life, and strong local economy.

So you need to be local to know who is in the area and ensure your street doesn't transition down in quality...it can happen in 12-18 months before you can do anything about it.