Smart advice (one rental VS multiple)

[Baha El Far]

All,

hope you are doing great.

Need your smart advice here please. I can buy a rental property with a loan (130k$ including down payment). The rental property will build equity but not much profit. Rent of that house would be 1500$.

I have two options:

1. enough cash for down payment to take another loan for a second rental property. But I would still have mortgage of the first rental property that is being paid off by the house rent.

2. Pay off the loan in 2-3 years (doable I think). I Would have a cash flow by 1500$ for the first rental property after paying off the loan. Then, I could invest in other home.

Apparently I am not real estate and looking for your advice here. Is it better to go for multiple loans and rentals. Or just start with one and pay the loan off...