Now it’s 3-4 units(my area doesn’t really have much larger) that either don’t need a lot of work or I can buy for a huge bargain.

As an out-of-province investor, I might want to start with major cities since they have a lower risk (i.e. larger population --> easier to find tenants, easier to find property managers & contractors etc).

Our primary markets are larger cities within Texas, but I also wholesale in Ohio, Florida, Georgia, New York, Arizona, Illinois, Colorado, etc. 

I also think your podcast host will have a larger net worth, so the vacant building loans are safer with a stronger PG.

If I sell the property for $10x 15 years later and want to use a 1031 Exchange, how can I differentiate my personal homestead from the larger acreage. 

It was in pretty good shape overall for its age having had various updates through the years,  but in a perfect world it was going to need work to correct awful floor plan (made by combining two small main floor units into a larger one) and the roof was going to need replacing in 5 years,  and it needed some other upgrades and modernizing if I was going to keep it longer.   

If the property is larger, the percentage will be less but the owner is now covering salaries for on-site personnel.

I guess the opposite would be a bird dog… but what is it called when someone builds buyers lists and that’s it?

One of the things that has helped me the most is to listen to the BP podcasts as I drive, walk my dog, etc, so that I am constantly filling my brain with good information.  

Currently the property will need a heavy cleaning since tenant owns a dog, which she claims is a service dog.What is the best way to deal with an unresponsive tenant who still owes rent?