Challenge: $30k a month in rental profit in 5 years?

[Jessica Soares]

Challenge: How would you achieve a goal to make $30k a month in rental profit in 5 years?

Newbie here. I've set a goal for myself to make $30k a month in rental profit in 5 years (shoot for the moon goal for me). I have some cash in a retirement account that I want to stretch as much as possible to achieve this goal. I know it's not enough to make a down payment on a 5 fam+ unit though and I figure I need as many of those as possible to achieve the goal. So my plan is to:

1. Flip as many houses as I can to raise capital for the down payment on the MFDs. I already have one under contract that should net me a conservative profit of $50k. Another oppty just came to me this week that looks to be similar. But I don't have enough $$ to do both (ugh!) b/c I'm putting my cash into the first flip (need to figure out how to stretch dollars :)

2. Use profits I make from flips to buy a MFD.

3. Take the equity out of the MFD and reinvest that in another oppty (flip or MFD).

Keep doing this as long as I can.

Seasoned investors, how would you make this goal a reality? Any advice on the above plan would be greatly appreciated!