We're considered "haters"........once that became clear to me I just concentrated back on my business and building up the people around me.  

If my desire was to keep building a real estate empire than of course hiring employees to take over some task to free up time to concentrate business growth makes sense. 

Singapore has a highly concentrated pop'n of about 6 million not to mention HK with 7-8 million packed in like sardines.

If you want to see impact, look at death rates, they tell an honest story.Sweden Deaths - 2,200Finland Deaths - 177Norway Deaths - 199Denmark Deaths - 400People aren't falling over in the streets in Sweden, but they never had a highly concentrated epicenter in their borders, and are 5 to 6x the death rate of their neighbors when taking into factor population.  

I've never seen such a concentration of insurance business like I have here. 

It's rather widely available information as to the segments most impacted by layoff's, and it is a huge concentration in the lower strata of earnings.

With 250k, I'd concentrate on getting deals (deal flow) as finding just one good deal will probably make you as much equity as you'd gain working on this BRRRR in a fraction of the time.

If you think about it as concentric circles then the highest level of involvement would be managing the property yourself in a market you also live in, the second would be using 3rd party manager but sourcing your own deals in another market, 3rd circle would be paying others to source your deals and do the work to repair and mange, this is generally the turnkey model and you are naturally experiencing less of the upside yourself as you are hiring out the other parts. 

Insurance companies often try to mitigate risks, I worked in one and often they have to policies, like getting re-insurance, if risks got too concentrated.

Myself I would recommend one market owning in multiple markets can be expensive just in travel etc.. better in my mind to concentrate in one area that you can get a direct flight to..