Buying 3 or 4 properties at once?

[Mike Slusher]

I'm thinking about buying 3 or 4 condos in my area at the same time, I recently gave my info to a mortgage broker and he said with my debt-to-income ratio I can afford to borrow around $160,000. Their are condo's in my area (3br 2bth) that are for sale around 50k range and they rent for around $950 to $1100. I was going to put 20% down on each.

I fiquared that would leave me with about $3,000 cash flow if all condos are rented.

I've owned rentals in the past and want to get back into the market. Just wondering if this is possible or am I just dreaming.

Any input would be much appreciated

Thanks