Having all your tenants under one roof is so much better than scattered all over town.

I saw one two weeks ago in south side Chicago some really nice stuff but no way the open market can build it when U can buy a fully rehabbed brick double for 220k or so or a shell for 50 to 70k .. there are thousands of vacant lots scattered throughout the south side of chicago that could be built on infrastructure is there.. but does not make financial sense..  

If the buildings do not need repairs for a FHA 223 loan. 35 years no recourse scattered site. 1% assumeable

have been seeing condo bldgs (20 units in a bldg, or scattered among multiple bldgs in a condo developent) being sold as MF.  

-After reading several posts regarding the BRRRR cash flow, it seems that a $300/$400 cash flow average per month might be achievable...in order to make the effort worthy, this strategy needs to scale to many more properties (50-100+ rentals)...I am wondering how an investor can manage a bunch of rental properties scattered around a city?

I am one of the larger scattered site landlords in my market.

If you have a few one-off scattered around cheap condos, you'll be eaten alive.if you could buy a block of 20 of them, or control the HOA, it would be worth doing.

It sounds like your "books" on this deal were a little scattered so you may want to get everything organized and take it to a CPA if you've never filed a 1065 and k1's.

CBD, city fringes, employment 'pockets' scattered around the region?

Once that income dries up, the renters will scatter like rats on a sinking ship.