It will grow at 5 - 7% tax free compounded. 

The Compound Effect by Darren Hardy3.

The CAGR (compounded annual growth rate) as far as appreciation goes is 1.61%.

The same compounding effect that happens when you save your money happens when you borrow for income producing assets.When I say "smart leverage", I'm talking about enough cash flow that you can pay yourself and support the asset, that you've left enough behind in the deal to cover large depreciation issues (20% or more), and that the asset produces enough cash flow that you'll virtually never be forced to sell in a down market. 

Would we have fewer problems in this country if kids learned about credit card debt, mortgage amortization, pros and cons of leverage, compound interest, etc?  

The amount of wealth I can create from compounding the cash flow for ten years will far outweigh what 1 property might rise in value.

Simple.The alternative method, obviously, is the de-reversed compound sum method. 

Why compound the problem?

@Bryan BealYour privilege to express your freedom is blatant disrespect for all the front line health care workers in this country who are risking their lives to help victims of this virus.

You shouldn't have vacancies though (if you bought in the right micro-market) in a down turn since there are usually more tenants available.More debt should bring you more cash flow though, if you are compounding the use of your funds into more properties.