Is this a good strategy and how could i improve it???

[Nigel Dixon]

Hi bp, my whole strategy for my real estate investment portfolio was to gobble up as many homes as i could in the next 2 years. These homes would be free and clear ( i already have 8 free and clear now) and producing 10% to 18% returns..so my cash flow would be great. By that time i should have accumulated around 15 to 20 income producing properties in the portfolio. My next plan was to find a bank that would give me a line of credit against some of the properties i own and then i could continue to buy homes and use the banks money while paying down the LOC from the income my properties are producing in the portfolio. I really prefer a line of credit instead of trying to get individual loans per property. (And i haven't found to many banks willing to make loans on investment homes in my area which is Orlando). Im not looking to to be super rich i just want to continue to invest and have fun doing it. I also like sleeping at night knowing that i have little to no debt and i do not wish to leverage my shirt off to get a ton more. Small steps for me will keep me happy. Any other ideas how i could improve or change this strategy for the better??? Thanks for the help!!!!