In some states it may take up to 24 months to foreclose on a property all the while the lender/seller would probably be paying insurance, accumulating property taxes, and suffering the effects of depreciation and wear and tear while the buyer/borrower collects rents and does no maintenance.  

I purchase my properties all cash, so as soon I have funds accumulated for next property, I go out and buy a property.

However, I too like to accumulate points on my AMEX card, so I purchase as many materials as I can on my card and I pay it down almost on a bi-weekly basis.

While you're passively accumulating income, you can actively seek out other opportunities, as opposed to spending all your time & resources picking up after scummy tenants. 

Not sure how to go to start accumulating properties, but I want to take the Greene approach and purchase at least one per year.

We're accumulating our down-payment but should be able to comfortably exceed the 3.5% minimum (understood that the Mortgage Insurance Premium is necessary for this arrangement which will impact cashflow).I have a few thoughts that I'd like to get some feedback on:Leverage: Since we're just starting off, I am conflicted as to whether to utilize my full leverage and go as big as possible (quad-plex?)

@Jamie Brayton so what are you doing when it snows less than 3 inches, but there is still an accumulation?

So there is a chance that this can make the cash flow positive.We can buy the second property without selling this, but I am keeping the options open as I accumulate knowledge on the space to make better decisions.

However, most investors reach a point where decreasing cash flow to accumulate more properties is the scaling process.

I’ve been able to accumulate much of my portfolio from cash out refi and HELOCs like this to grow and grow and I look forward to seeing you add more units!