@Chad Urbshott 30%-40% unleveraged cash-on-cash returns sounds nice but can you operate on scale (say $10M-$20M)?

buy land get it up zoned and approved for HBU and flip timber tracts that you can instantly log and resell we made millions doing this on OPM .. and it viable in the Carolinas etc.since its a full time gig you need to look at more robust ways to create income than as you already understand drip income is not going to get your were you need to be in a short amount of time.. rentals is a very LONG game. so you need to be looking at crap properties that can be turned around and resold if you can do them in 13 months you get cap gains.. and or rent them for a year or two and you can roll up for a 1031 and keep velocity going that way.. but again I would not be so keen on just giving up 300k a year  many of the landlords on this site can get to that 5 to 10k a month and that's all they need to live on.. someone used to larger income that usually wont cut it.. so scale has to be huge to replace 25k a month..

Right now we only have two buy and hold deals under our belts, but planning to scale up big time over the next 5 years.Thanks for the rehab tip.

The economies of scale and control will give you many advantages over a BRRRR.I don’t have a BRRRR myself but I would think you’d need good tenants with “recession resistant” jobs and be in a workforce B/C class area.

I am looking to start buying property for cash flow, and ask so that I can scale up to multi family units. 

Economies of scale, smaller return, you will put in the same amount of work to get a 4 unit as you do a 40 unit. 4 plex is more of a hobby. 40 unit is a business.

The only way to scale in this game is to create systems.

I think the benefit of doing it this way, is that you get to understand what works and what doesn't and create systems for the next one, each successive BRRRR gets better and better until it runs like clockwork and you can really start scaling as quickly as possible. 

It gives you time to get it rented and see if this is what you want to do on a larger scale.

Take in account that small multifamily is often only the start, once you realize the economy of scale multiple doors offer.