Feasibility of generating significant passive income with LTR

[Ankit Gupta]

Hello,

Having delved into the informative realm of the Bigger Pockets podcast and other materials, I've learned that, optimally, a long-term rental investment might generate a monthly profit of $100-$200 per property. To attain a passive income of around $5,000 per month, one would need to possess a portfolio of at least 25-30 properties. However, acquiring such a substantial number of properties necessitates a considerable amount of upfront cash for down payments. As a newcomer, I find this goal unattainable without substantial initial funds. If lacking cash, the time required to achieve this objective remains uncertain. What's the best way to understand this?

Thank you!

Ankit Gupta