I rather quality or quantity.

Unless the quantity and quality of jobs are increasing, the location will decline.Population - The location will decline unless the state and metro population increase.Operating cost - Every dollar you spend on overhead is a dollar lost.

The 1031 Exchange can help you trade up in number of units (larger property), buy in a better/different area, increase cash flow, diversify into more units (quantity), diversity into asset classes (types of properties), etc. 

Maybe in some small quantities, but nothing major or they would have done it a long time ago.Yes, the numbers there look incredibly attractive, better than in a lot of cities.

If your tenant sent you several letters asking to fix the front porch steps which were in need of repair and you failed to do so, then they fell and got hurt, YOU personally are now also responsible in addition to the LLC due to your negligence.As far as number of properties per entity, the quantity of properties should have NO bearing on your decision, but only the amount of "equity" in the LLC.

And when they stop buying, will cause a correction in the market again.Also, what happens to the market if/when they decide to dump their properties in mass quantities?

That way you know what you are starting out with, rather than an unknown quantity and having to troubleshoot a wiring or plumbing problem in an old building with a tenant in place.

I do 3 things differently than my counterparts in my area and they pay off every time, but I believe in quality over quantity.

Since 500 is going to be your quantity this time, I would suggest to go that route.

@Craig Moore you are on the right track with the quantity you are looking to mail. 1,000 is a good start, though if the budget allows 2,000 would be even better.