I would say that it depends on the PM, I personally have a great connection with my local property manager in Memphis, TN and he manages over 700 doors and still answers my clients property management specific questions as the broker/owner.

If you’re interested in investing here, I’d encourage you to speak with a knowledgeable local real estate professional or lender to get accurate guidance.

You could also consider house hacking locally.  

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. 

It would be local for you.  

-Local banks were the best.

probably a wholesale company.. get a second opinion from a local RE agent so you dont get hosed. 

U can check out  ivyridgeestatescanby dot com for my 90 home project in Oregon that I did with my oregon bank and then my website for pictures of homes we built in Charleston SC which is the only market I tagged HML ( lima one) and only one time the rest were done with Ameris bank or Service first bank that is local in the market. its all about the three C's  Character Collateral and capacity..

If you want to build a large number of properties, get connected with local meetups. 

I'm new to real estate investing and looking to connect with local investor.Thank youWhat are specific goals?