i just read through it then. what i think it is, you buy a property, it goes up in value so you use the equity to buy another one. risk is if one falls down then you need some cash to fix it but since you’ve maxed out the loan then where are you going to get the money from?
property 1 is fine and is renting good
property 2 has a bad tenant and does some serious damage to it. you need cash to fix it and get it rented again. or you sell it cheaper and lose out. you still have loan repayments to be paid while you’re sorting the problem out.
to make it work you need to be meticulous. make sure everything is 100% right to make sure the dominos don’t fall down.