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The IRS allows you to depreciate a percentage of your rental properties every year and write that off as an expense. If you have three houses instead of just one, you can get triple the tax deductions.
If you have three properties instead of one and the market appreciates, then you also have the benefit of personal or business loans the appreciation. It is the same situation if rents go up, the more properties you have, the more money you will make. I never count on rents to go up or appreciation, but it is a nice bonus.
With multiple rental properties, you are also paying down the loans on three properties, which increase your returns as well. When you think of the tax savings, possible appreciation and equity pay down the returns shoot through roof. What are the downsides to buying more rental properties with loans.
There is a downside to more properties. You will have to pay more for repairs and improvements since each property will need repairs, not just one.