hey @Joe MendeI like your strategy and it is an interesting question; which i don't have the answer to.But regardless of what that max number is, you should still forge ahead if that is what you are trying to do.At one house per year, you have plenty of time to gain clarity on what horizon looks like and revisit your strategy if need be.Just my 2 cents.

Could you define:- ballpark expectations on return- time horizon, how liquid you need it to be- how passive?

Then look at what your time horizon is (how quickly would you like to get there?).

My clients that are buying class A right now are targeting 5 plus caps with a 5 to 7 year horizon with rent growth and cost savings to blend to a 7 plus cap rate.These are 30,40,50 million dollar type properties bought by family offices.

Second, a stable asset that cash flows predictably attracts buyers who want relatively hassle-free stream of income and have a long term time horizon.

A few prospects are on the horizon and I am looking to network with professionals with experience in financing and construction in the area. 

I also think with an economic downturn on the horizon, it might make sense to get into property management or flipping once we're near the bottom of that downturn in a year or two. 

While we are advancing in the market cycle and are now certainly in the second phase of the seller's market I don't quite see the turning point on the horizon.

Broaden my horizons.

I also asked if there were any special assessments on the horizon as those can make or break a deal and I'm still waiting to hear back.