As with all investments, the biggest limiting factor is capital.  If you are simply committing a down payment to each property you purchase this will limit the number of homes you purchase each year.  Over time, and as your portfolio grows, you will have built up momentum with equity growing in the homes you own. This is done through appreciation & debt reduction each year in addition to saving up cash flow from the property for another down payment. Over time, you can look to 1031 exchanging some properties that have equity to scale your portfolio quicker.  This is why we like to view RE investing growth as exponential over time vs. a linear progression. This is because cash flow, appreciation, debt pay down, tax benefits/depreciation, etc. multiply each year you own a property, and with each additional rental you add to your portfolio. We also have investment opportunities available that allow you to scale much quicker than this by coming into a property with immediate equity.  For example, our new construction projects in Cape Coral are purchased for $275k.  Those are currently retailing in the $320k to $340k range. This allows you to have a significant amount of equity immediately that you can do a cash out refi on to get most of your capital back out to reinvest. Or you can sell to a retail buyer to have a large gain to reinvest.  It's all about being creative and taking action on the most appropriate investment strategy congruent with your goals.