hours per week commitment

[Nathaniel Winkel]

Hi all - I am in the initial stages of research and trying to determine whether REI could be a good option for our family (based in St Louis, MO). The BRRRR strategy for rental properties is interesting to me as a source of passive income. Our current financial situation would enable us to start investing now with $50k in cash, and inject an additional $50k in cash each year from our full time jobs/incomes. So here are my specific goals/questions:

• end goal of $200k in passive income by 2024
• so what sort of time commitment are we looking at to make this happen (in hours per week)? in the:
  • initial stage (first few properties)
  • middle stage (scaling up)
  • final stage (maintaining the $200k in passive income)

I understand, and expect, a variety of answers but it would be great to hear from experienced investors. I am not looking to 'get rich quick', but am trying to assess the necessary commitment to achieve this objective.

Thanks so much for your help in advance!!!