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I probably don't understand either, but what I do know is that you can only borrow as much as you can service. With a system like this where you pay one off at a time (in the earlier stages), if you then get a LOC on the first paid off one and use that plus your own deposit for the next one...

Nikolina, I fully understand, and it is a great process that we have done for over 20 years. My comment was to clarify Micheal W's post. His post says, once you buy the next one, the income from the first one and second one plus your income would all be paying off the third one...

This assumes that each property is paid off before its income can be used for the next one.