People are leaving states like CA and moving to Texas for a reason...no state income tax, good business climate (fewer regulations), etc.

I am a mid-size land lord with fewer than 50 units. 

For example, your credit cards and car loan could go to $0 while your LLC pays down a business loan that won't appear on your personal credit reports.It's difficult and time-consuming, but can be beneficial if you plan to enter the commercial real estate lending arena in the future.And in commercial you can add the target property's income for qualifying!

Kind of like how MSRP is meaningless for many consumer goods.

More leads are always better than fewer, even if they are unqualified, because you never know where your next renter will come from.

I have been consuming as much information in the past two weeks as possible on this site (and others).

Is it better to buy fewer, more expensive deals that may cashflow more (though will require a bigger outlay of initial capital) or to spread out this capital in creative ways to fund a few deals?

Both of my grandfather's had single family rentals in their younger years and have encouraged me to look into rentals, which has lead me to Bigger Pockets I've been voraciously consuming old podcast episodes, the last few webinars, forums posts etc. 

There is no one size fits all Plan B, but I am a firm believer that paying off a mortgage and getting cash flow on fewer properties in high rental demand areas is a better strategy than having more properties and higher debt in riskier neighborhoods.

I am OOS so looking for fewer risk investments.