I have to comment on the 10 property limit.
The 10 property limit is only if you are going for conventional financing. You know the stuff that is underwritten by Fannie or Freddie and requires a proctology exam (on you) to get through underwriting.
The other approach is to tap into small local banks who routinely lend money for real estate investments. And… yes they are out there.
I learned very early that if I couldn’t crack this financing nut my business plan would be stopped at 10 loans.
Unacceptable to me… and it should be to you as well.
Learn to deal with small local banks… and the sky is the limit!
Source: www.biggerpockets.com
