Mindset of Buying Rentals instead of Flips

[Geoff Antone]

Hello everybody, 

Originally this year I had my mindset on flipping houses in Dallas / Fort Worth. Now I'm rethinking my strategy and thinking I should instead buy properties, fixup and then rent them out.

I'm thinking this for a couple of reasons. First one is that that most of the deals I'm seeing in this area right now. The deals present themselves more so as rentals than flips as the margins are low. 

The second thing is I like the idea of fixing up the house when I purchase it so when it's rent ready it will likely have less maintenance for me to deal with. 

I'd like to build my rental portfolio up steadily over the next five years.  My goal would be to have 10 to 15 decent rental cash flowing properties for starters within 5 years or less. 

My questions are:

How many rentals do you think I realistically acquire a year assuming the properties don't qualify as BRRR properties? 

I'm not seeing a ton of BRRR qualifying properties in this market. The home values are a bit high to pull of BRRRs, again this is just what I am able to find in the Dallas / Fort Worth Area.

So I don't think I'll be able to take money and roll it into the next property. 

Is the limit usually 10 properties I can have loans on at a time? 

What's your thoughts on doing Rent to Own options on some of the rentals?