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The more doors you have the lower your vacancy rate and risk. If you own a house worth $400k you are relying on that one door to pay the mortgage, taxes and expenses, when it sits empty you are paying for it, with a 4-plex worth the same you have 4 doors paying the rent and if one sits empty you have 3 others bringing in income.
Leverage is your friend, as soon as your property increases in value and some principal is paid down time to refinance and use that equity to buy more properties.
There are exceptions to every rule, but in general you want as many doors as possible to limit risk. Also when you are buying multiple units the price per unit drops.
I know the housing market in the states has hit the shits, anything you buy should go up in value and all these people losing their homes have to rent. My example above is based on what's happening in Canada, I don't know the US market enough but those rules generally apply.
The real money up here is developing, build-it, sell it, rince and repeat.
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