Hit my 2016 "stretch" goal today.
Had goal of acquiring 1 single-family home per year starting this year, with stretch goal of acquiring 2 per year. We just signed the papers on #2 this morning. The first deal has turned out to be pretty good so far, although it took a while to get it to where the money coming in wasn't going right back out to things like the initial property tax payment, and so on. The second deal could (and hopefully will) turn out to be even better long term, as our out of pocket investment is about 20%-25% less on #2, even though the class of asset, area, rents, etc, should be very similar.
The tentative goal for 2017 will be to get to 4 properties. At that point it should be a lot less feast or famine when it comes to vacancies or tax bills, or other expenses.