Who wants to buy 300 properties

What I dont quite understand is, the rentals on some of these places (well actually Im talking Atlanta,) are more expensive than the loan amount. Why wouldn't you just buy? It seems about a year's wage could buy you a pretty decent place??

It's because if you're a landlord you have to pay all these land taxes, running costs and because most americans' credit scores are soo bad that no one would ever lend to them
400 per annum?

I like those odds!

So long as they don't get killed in your IP.
I was reading a thread on a US forum and they talk about tenants being killed in a building bought as an investment.
Amazingly, people in the neighbouring apartments move out when people get killed nearby or int he car park. Bad for business, it seems.