Number of units dictates the price also - economies of scale can be beneficial to the PM so they only need to stop by once. 

SF is more risky for cash flow due to scale.

I felt guilty asking him to spend so much time on me, but he assured me it was his job.Afterward, when we'd bought our first property, I started looking for a second property, because I want to scale quickly and I've been bit by the bug.

@Nour Hatab, you can typically tip the scales towards build in a) extremely high priced markets, but then it is very hard and expensive to find land, or b) on a large scale. 

My question is after I scale up and make enough cash flow to sustain my life style I’d like to quit this job.

Those businesses are hard to scale and really need an owner/operator who is happy making a decent living working a job.Sellers generally want a 3 times multiple of profit so if 100k profit they are selling the business and asking for 300k.

To go forward, or scale your portfolio: My usual lender calls the conventional mortgages “golden tickets” and there are only 10 of them, per Fannie and Freddie (the government agencies that guarantee the loans). 

When I spoke with the planner I sent along a very clear and to scale drawing of exactly what it is I have in mind and showed that it meets all zoning requirements and setbacks.The city has previously allowed all sorts of multi-family infill to be built in the immediate area.

Account Closed Get used to this song and dance because this is one you'll be doing for a long time as it is a great way to scale.

I tried a similar model submitting REO offers on a daily basis for around 6 months last year (on a much smaller scale of course) .