Aspiring Investor Seeking Feedback and Advice on my Goals.

[Andrew S.]

I'm Andrew.  A 34 year old, married building maintenance engineer in San Francisco, CA.  My wife and I bought our first house the traditional way last year in Sonoma County, CA, (before I heard about RE investing) and we will be renting it out at the end of this summer.  With the mortgage and property taxes, we will still be paying about $700/month on it even with rent money coming in, but I guess that's the cost of starting out in California.

I want to make money in real estate, one of my first jobs when I was 15 was working under the table for a family friend's property management company, (They're not around anymore, I checked.) and I've spent the last 6 years maintaining commercial properties.  I think I know a thing or two about buildings, but I am brand new to investing.  

I'm especially interested in the potential of the BRRRR strategy. I am looking for feedback on my list of goals, and advice for a new investor to start investing outside my home state.

Here are my goals:

Short Term, (1-3 years): (Starting with around $20k in savings.) Save at least $30k per year. BRRR at least 1 property and build at least $100/month in passive income by year end 2026.

Mid Term, (3-5 years): BRRR at least 1 property per year. Build at least $1000/month passive income by year end 2028.

Long Term, (6+ years):  Own at least 10 properties in at least 3 US states.  Build at least $10,000/month passive income by year end 2030.