Hi Chris, there are several options you could consider, but it would all be based on your risk tolerance. 

However, if single-family homes prove financially viable, I’m happy to continue building in that niche.Since these homes and projects are significantly cheaper than my market, the risk is relatively lower for me and can do at least two at a time.The ChallengeOne of the biggest hurdles is finding reliable contractors and subcontractors in the area.

In a lot of sections of the house this was a good thing because less drywall work, but there is one room that has old wood paneling that was severely warped.

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. 

Diversify if you can with smaller amounts so risk is distributed. 

They financed 100% of that transaction, and I took on a huge loan - a huge risk for a broke guy like me.

They were getting it flushed several times a year!

The structure is mainly appreciation-based, which minimizes tenant and maintenance risk. 

There's several reasons why I've bought and sold over 1,000 properties and just bought another one yesterday. 

You open yourself to much more risk in not being able to finance out of it and being stuck with hard money and those fees/penalties.