How many investment properties is too many?

[Wainuiguy]

So based on your own words looks like Luxon has just the right number of properties.  I am sure he will be thrilled with your approval.

Really? Can you point out where I said that? 

"I think if a number is really wanted, then perhaps no more than 2-3 properties per person or no more than 5-6 per trust or company - but that's just guesswork & probably  experts would see things differently."

And seeing as Luxon likely has his 4 rentals in  trust or company structure......QED.