We primarily service Hillsborough, Pasco, and Polk, but have taken some larger projects in outlying areas over the years.

I currently have one single family home in AZ that I bought a while ago (right after college before I knew it was a good investment) and I would like to do a 1031 into a larger multifam in LA and eventually grow that portfolio.

Finally, my own house (soon to be gifted by my folks) is in a pretty choice location in San Jose and I may move out of it to take a posting internationally.

Dean you might want to talk to Brian Burke on here as he has completed much larger turn arounds for what you will encounter.     

  :)Just kidding.I have looked, and are currently into it, and we only have 1 property currently which is managed.So no, by no means are you a wussy for wanting to go that route.Especially if it is out of state.Things I am really considering for all of our RE choices right now are as follows:Top of a cycle, anticipated reduction of value to assets for the next 2-4 years, meaning mortgage paydown is more important right now.

spend 20 minutes with a good real estate agent zillow has pretty pictures but is always a few weeks behind on comps  Chase has a property calculator check it out ',but a real estate agent would be the best choice https://www.chase.com/mortgage/mortgage-resources/...

But my focus is targeting larger audiences.

you don't have to use the agent the buyer can pay the agent or you can deal directly with the buyer your choice 

Just like @Gregory Walter and @Sean Webb suggested, it turned out to be a lot of trouble for 30-40 units... it would make sense if we where after 150+.So, we'll be putting that idea to rest for now and will take a middle step before moving onto larger multi family.  

The real value in buy and hold comes later on when the property is paid down to the point where you can leverage that equity into larger purchases and/or have the debt gone completely and provide more substantial cashflow.