Ideal Purchase Frequency

[Kyler J Sloan]

I know this is going to vary by market and personal circumstances, but I cannot help but notice that it is the prerogative of most investors to buy cash flowing properties as aggressively as possible, and as soon as one acquires leverage. Why not save longer for premier properties rather than obtaining multiple average properties?

i.e. Rather than getting two 500 K properties in a market where that is the average home value, getting one 1 M dollar property 2-3 months later after saving during that time. 

In general, it seems smarter to me when starting out to extend one's buying frequency regardless of one's income to perhaps once every 6-12 months. Particularly with STR's, there is less headache with management, and greater pride in the quality of what you offer, as it will stand out from the competition.

Has anyone else had similar thoughts?