I’ve had people who signed up for 6 months and stayed 5+ years, paying increasing rental rates.

That helps some...but your variable expenses also go up too - property insurance & taxes - so a lot of your rent increases go to offset rising variable expenses.I started at the age of 47 in 2018 and we bought properties fast and furious - 12 the first year, 10 the next, and 9 in 2021 and currently have 38 properties. 

Pretty incredible how rapid the demand has increased in the past 12 months especially. 

The Raleigh market may have increased by 40% after the Apple announcement, but it wasn't because of Apple, at least not solely.

How do you see this coverage increasing as he scales?

As other people have mentioned, does it increase risk of being rent controlled down the road?

I can get 5 times as many deals without increasing my budget.

As an example, our request for rent increase that was submitted in Sep 2023 has not been processed and may never be processed.

Other most common factor: Family Size increases due to marriage or having a child. 

That does not require employment or job seasoning instead it uses the rents to qualify and you can take out up to 80% LTV cash.Use the cash to put down on the next 1-2 or more properties as long as the other properties are debt servicing themselves it opens up more opportuities to buy more future assets and increase your passice income.