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I have 4 sites. I did once have 27 sites, but decided that 27 was to many. I only really had 27 sites just to see if it making money could be easier with more sites or less sites. I found that having less sites is the best way to go for me, but this is not the situation with everyone. If you have one site then you are putting all your eggs into one basket. If you have to many sites then you cannot update them all that well and your visitors will realise this and stop returning to your site plus it takes time to keep advertising all of these sites. If you have a few sites, say about 2 - 6 then you have more time to work on them, learn about your visitors, tweak your ads, etc.
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