Buy & Hold Preference

[Michael Slockers]

Generally speaking, what are the pros & cons of cheaper housing for rentals versus more expensive?

It seems there would be an averaging effect to justify a larger quantity of less expensive (lower rent) properties, both on the expense and the income side.

Another similar question: would you rather have 10 houses worth $400,000 that bring in $X per month gross, or 3 houses worth $400,000 that bring in that same $X per month gross?

I'm specifically talking about single-family, because I could see a clear difference for 10-unit apartments, etc.