This property can only be purchased as long as it is all purchased as one purchase and in total.Of course don't forget that you can name more than three as long as the aggregate value of the list is no more than 200% of the sales price of the reqlinquished property.  

The credit worthiness of Mr and Mrs Craigslist Renter is almost impossible to aggregate since it will vary wildly.

At the end of 5 years your return on the market appreciation is aggregate 250% (just over 20% annual) and the property has significant positive cash flow (market appreciation led to rent appreciation).  10 such properties would provide significant wealth and cash flow.What I do not see is that non-commercial, high cash flow, virtually 0 appreciation markets can scale to allow significant wealth accumulation. 

Since the late 1960's the inflation rate in the aggregate has increased price about 8 fold. 

Or i haul dirt aggregate material for people.

Aggregated journal entries are another option but it would be prudent to maintain a full set of books since I don't have the property management data in-house.

Try again, if aggregate rents don't cover expenses, you won't be able to get a loan in the first place unless you have some other income to pay for your cash flow negative, money losing investment.

See the “Risk Factors” section on page 12 of the Offering Circular.Generally, no sale may be made to you in this offering to the extent that the aggregate purchase price you pay is more than 10% of the greater of your annual income or net worth.

Sure, on net in the US there is a housing shortage, but there is no "US housing Market" That's why case and Shiller have made all that $$ selling their index to S&P, they were able to aggregate data that gave us the illusion of unified market where one doesn't exist.

With small MF, you have less square footage, less roofs, you can aggregate them, and sell/refi them as a portfolio with a closer to true MF cap rate.