Cash purchase for Single Family Rentals or?...

[Bob Keith]

So here's my theory. I have no rental property now. Going into this I am considering paying cash for a SFR every 12-18 mos. In my area (East of Dallas TX) inexpensive homes go for 200K. Is there a downside to buying one at a time and having them all paid off? I just want the residual income from the property. Not sure I am as concerned with having 10 houses all leveraged, VS 2 completely paid off. I like the 200K range as that changes who you are dealing with somewhat. I know every time I moved out of a rental, the landlord couldn't believe how good of shape it was in.