In a time where many have highly-appreciated properties and interest rates are so low, it’s a valuable process to at least contemplate.  

First post here after lurking/networking behind the scenes for last 1+ years.So here's the context of my question:My big ambitious goal is to have a property portfolio of $10,000/month in cash flow 4 years from now (I estimate that means control of ~40 units or acquiring 1 unit every 1.2 months or so)These would all be out of state buy & holds, where I'm obviously focussed on maximizing cash flow (SFH or MFH)I have a full time job that pays low 6 figures (so I have roughly ~20hrs/week to give to my investment goals) and no current rent/mortgage or other liabilities aside from feeding myself (I've done this intentionally for this 4 year sprint towards financial freedom).I have up to $50k to invest right now (and another $100k if I dip into 401k which I've contemplated doing), but as mentioned have a healthy savings rate given my circumstancesMy preferred route for now are properties that can be acquired at less than $150k per unit (so I've honed in on the usual suspects of states: WI, OH, IN, FL, MI etc) and from there I look for cities with more than 50,000 people that are either growing are have stable population, decent employment opportunities, relatively low crime, etc).I also have a bit of a desire to not go where I know everyone else has been circling for some time (Detroit, Cleveland/Akron, Dayton, etc)So given all of this and my lofty goal of acquiring a property every 1.2 months (unless I'm thinking about this wrong), my question is this:How many markets are too many to build and maintain a deal pipeline that helps me achieve this?

And it may mess with your own 1031 if you're contemplating one.the scenario you've posed is an interesting one. 

@Erica Larence I am contemplating the same thing right now Erica.

When I'm not listening to BiggerPockets podcasts or reading through the forums, I find myself browsing Zillow or Trulia, searching for "the best listings of the day" and constantly contemplating reaching out.

A Bank is effectively the current owner, and even if in your optimistic universe they were to contemplate accepting circa $100k rather than their owed $290k (LOL), such contemplation is likely to take a lot longer than you'd be counting on, meaning that the Contract you would have with the naughty "owner" (whose only aim is to get money out of you), will start burning a hole in your pocket.ie. 

Same with door knocking - I’m not sure when the change happened but life went from grandma always having a cake in her fridge for unexpected guests to hearing a knock at the door and contemplating if they will see me trying to hide behind the couch.If it is one thing I’ve learned in the last 3 years - 9 times out of 10, my clients will know about a new home before I do.

However, If the goal is to grow a cash flowing portfolio, unless you’re doing short term rentals with the condo, it’s probably worth contemplating selling and putting proceeds into a multifamily property.Just my two cents.Chris

Contemplating buying in Bucks County PA. 

@Tiffani T.I’ve been contemplating the same exact thing… in the Portland area though it is difficult to find a deal within the time constraints so a lot of people have recommended just selling, pay the taxes, then you have the flexibility to find the right deal.