Buying investments at market value

[Donald Bryant]

What is your opinion on purchasing homes at market value for investments? I live in a small farm town in northern Indiana with one of the best school districts in the state. Because of this homes in my are are valued much higher than surrounding towns. There are rarely opportunities to purchase real estate. Once they hit the market they’re sold within a day or 2. Would it be a wise decision to purchase single family homes that are turn key at market value? Over the last 5 years my personal residence has appreciated 6% per year. My thinking is to put down 20% on a 150k home giving me roughly an 800 mortgage and in return renting it out for between 11-1200 per month and doing this 5 times before I start to pay down each mortgage 1 at a time. What are your thoughts? Thanks