Right now there's huge concentration, but as this continues to build out and we see north of the high 30s GW by 10 years from now it'll be almost a requirement to keep some type of locality based risk assessment and to diversify. 

But I don't find that the ones that do exist are more concentrated in the mountains or the cities.  

That's mostly because I don't want to be too heavily concentrated in one area, but partially because it's been rough.

I did not start buying investments for another few years as I concentrated on building my sales funnel and getting those two years of tax returns done. 

Rather than concentrate on the initial cash flow, concentrate your effort on markets that have indicators of strong rent growth.  

If it would concentrate on rent collection only and do it well, it might be okay.

And it also concentrates the equity in your remaining property. 

If it would concentrate on rent collection only and do it well, it might be okay.

In terms of my goals, I concentrate/focus on three metrics (and cash flow isn't one of them because that can be manipulated). 

I read Brian Burke’s book and concluded I wanted to go with a syndicator who was vertically integrated in all phases and also geographically concentrated such that they were experts in one  location.