My first property was a duplex, and then a year or so later she bought her house, and we moved in together living in MIL suite basement and rented out the rest of the house.

We also have one LTR in Wilmington , NC that we bought brand new and have an excellent tenant in.  

All properties were bought rehabbed, rented .... 85% of the portfolio was  acquired during the golden years of '07 to 2016.

So, if you bought  a house for $300k and wanted to sell it 2 years later you would need to sell it for something like $600k to break even and cover that HUGE mortgage interest penalty.

This all assumes rentals are bought in appreciating areas and rents increase over time.

pretty warm right now, biggest problem is most of our inventory has been bought so we are waiting on more multifamilies to hit the market.

I bought 8 properties through REI and then bought one on my own in an area REI manages (so 9 total that REI property manages).

I have a lot of things in store and am looking forward to another year of growth and getting one step closer to my goals. 

I'm 44, a licensed barber, and own the first house I ever bought outright.

When all the dust settles, and the  person searching is tired and discouraged and gives up, Jerry may not have bought  a single lot, but he's made some money from the training he sold you, which was his main goal from the beginning!