If you think about it the tenant is the real cash flowing asset. this has been the West coast strategy for decades and it works.. 

I will take a look at the areas you suggested if I decided to go forward with this strategy.  

Deciding what strategy to go with for your first investment can feel like a lot to handle.

@Todd Hoteswelcome.start with a house hack.there is no better beginning strategy.

I could not imagine doing this for 40 seperate units.It seems this would be a bookkeeping nightmare for me.Is anyone using this type of asset protection strategy for 5+ properties?

Happy to connect and talk strategy a bit with you.

I had access to $280k through my HELOC ($130k), savings ($50k), 401k loan ($50k), and a personal loan ($50k).I didn't use the BRRRR method as much as I did work to find off-market deals, buy them cash for under market value, then refinance when I could.I still use this strategy and help other investors do the same since I have a super strong off-market deal flow and can't actually buy them all myself!

Your strategy will depend on your goal. 

Maybe change your strategy, market, or property type. 

I would go 2 small to split the risk . even if you want to get out of one you always can and still hold one . more flexible strategy . but more management