This has been my experience. I know several people who are incorporated or have closely held partnerships that own just a couple or a few rentals. It's a great way to build wealth for individuals who can tolerate the occasional bad tenant. I own a handful of rentals, two of which are single family homes. When you get a tenant who trashes your place that you have to evict, it can set you back quite a bit. I'm going to be under water this year on my two single family homes just because I got some druggie in there who destroyed my walls, changed all my locks, apparently angered someone so bad they kicked the front door in and broke the framing, etc.