Critique my Strategy - Be Harsh

[Phil LeNeveu]

Hi Everyone - long time lurker and researcher here on BP which by the way is one of the most useful sites you can possibly use to better your REI goals.

So i have spent the last 9 to 12 months researching and learning, reading every book i can, listening to every podcast available (almost) and am starting to analyze now and plan my strategy and wanted some advice on what people on this site think.

A little about me - I am an investment Banker by trade and am very interested in pursuing solid cash flow properties.

I have set a goal for myself to acquire 4 properties by 2021 - so essentially 1 per year for the next 4 years. i often know people surpass their original goal once they catch the REI fever but figured that was a conservative goal.

I am trying to target a 13% minimum CoC returns for SFH across varying states (Indianapolis, Cleveland, KC, Nashville) - taking into account all the usual bells and whistles, ie capex (maintenance and big ticket), PM, taxes & insurance, vacancy etc. also trying to layer in excess expenses as "Misc" and still hitting returns.

I guess my question to all the well versed people on this site is - i have enough cash and reserves for continuous down payments each year to hit my goal plus some, probably could get a few additional properties thrown in there, but what do people think about slowly building up a portfolio of SFH. I would ultimately like to have 20 to 30 of them but of course starting small and using a TK model of sorts

is my Fannie Mae 10 property limit going to hurt me - is it worth it financing homes that are on the smaller side < 200K and renting out at around 1.1%

All advice and critique is appreciated and am happy to follow up with any further information that would help