And, no income tax :)Finally, while it’s counter intuitive, owning more properties reduces risk: you can put in place sustainable processes like having a property manager, and it spreads risk of tenancy and repairs — you can ride out the cost of one of them being empty, and the furnace in all won’t need to be replaced at the same time. 

I'd suggest you don't chase spreadsheet returns unless you have a deep understanding of how to spread the rent ready repairs and capex that will come up sooner then later.

Kitchen and all three bathrooms will be done in time, but need to spread out both for cost and to not have the home off the market for long stretches. 

I've been an IT and Construction project manager for years so I've put together a really good team consisting of multiple general contractors, real estate agents, social media consultant, wholesalers and a local design firm to complete our home layout and design elements.

This WI be much of the country as the tulip mania spreads. 

I think what should be important is how well you manage your assets and if you spread you wealth out too much you may have a hard time effectively managing them all.That being said imo as many passive/residual streams as you can have, the better off you will be.

You might be paying too much attention to the media.

its ok to make a 3% spread like a bank does on a loan if you have 100 to 500 million to lend.but if your a little guy with 5 mil to 10 mil you can live on 3% spreads.. or if you do its Hubby and wife lending their own money. 

Same thing in Multi Family.The best teams I've seen have an asset manager, acquisition manager, a numbers guy who has to love spreadsheets and documents, a PR/ Front Man who can host the webinars, events and education programs, a good funnels/ social media guy and a good office manager who can manage flow.Your acquisition process has to be flawless.

Must need larger numbers and larger spreads to make it work.