Keep buying small duplexes and tris or aim for more units per roof?

[Nick Hines]

Hi Guys,

Quick background: started with a duplex, added a fiveplex to the mix. Sold the duplex because it was too much maintenance. Now we're looking at a great little triplex but I'm hesitant because it sort of seems like taking a step back, in terms of units/roof that is. Any input here? Also, the fiveplex is right beside us but the triplex is an hour away in a university town (you can see the school from the building and it should cash $900/month with a 16k DP). We can wait ~2 years to pull cash from the fiveplex to buy larger places, but I'm wondering about strategy. Assuming it's a good investment, is it better just to collect as many units as possible? What about distance? I'm hoping to manage it myself for a year or two but I've already found a few prop managers in the area between 5 and 10%.

Any input would be much appreciated.

Thanks,
Nick