Buy and hold in mid-west, versus buying for equity appr elsewhere

[Chris Nelson]

Relatively new to BP, and want to get your thoughts on this. 

Which scenario makes more sense, with $75K cash available:

1) put $25K down on three separate SFR (in the mid-west) all priced at approx $100K each, that generate net cash flow of about $300 each = $900 total cash flow per month, or,

2) put the $75K down on one, nice $300K home, in a rapidly expanding market (LV, for example), in order to take advantage of the projected growth in the housing market over the next decade, even though there would be minimal, if any, cash flow while renting it out in the meantime. 

I have two separate real estate agents, in those two different markets above, telling me that their option is the best choice. So I wanted to get some other opinions, on what all to consider. 

[Matt K.]

Buy one with 25% down, save rest of cash. Wait a bit to understand how your property performs and readjust your strargey for next one. 

Learn from each transaction vs being one and done