Selling one home to get three - smart or stupid?

[Brian Chadwick]

Brand new to real estate investing - I currently have 1 3/2 ranch in good market  (Greensboro/WS/ Highpoint) used for furnished medium term rentals.  It's been great - the property is 100% paid off and the house is worth 300-340k generating approx $2300/mo (that's after utilities/management fees etc.)

I'm considering selling the property to buy 3 more within the same price range in the same market.  I'd be able to put 20% down on each and have money left over for some repairs/updates.

It seems like I'd initially take on more stress, less initial return but the long term scalability seems great.  (Ideally I'd like to hold the homes a long as possible)

Would love some feedback from the BP community