Wondering if my Goal is possible in the next 12-15 months?

[Randal Remon]

Hello BP friends,

I've been contemplating on one of my goals, and wondering if it's possible to accomplish in 12-15 months? My goal is to have $2,000-3000 (ex. $2,500) of passive income per month from my investments.

Wondering from someone starting out and really dedicated to put in the effort and work would it be possible?  A few things about me: I'm near the Houston area, have a credit score near 800, really have been studying real estate, from multi-families, to creating llc's, understanding cashing, etc, but my income is probably one of my weakess areas, even though i've saved enough for a downpayment and have a constant history of work. 

I'm thinking for this to even work, I'd have to go with commercial/multi-family units, as SFH can take some time, and I'd probably want to find property in a good neighborhood?

Just wanted to hear your honest thoughts and suggestion, wheter it's "possible", or I should "steer away". Thanks.

[Josh Dillingham]

I agree with @Thomas S. that it will take 10 doors at $250 per door per month. is that going to happen in 12 months? if you have 25% down for a 10 unit apartment building then it is definitely possible. If you are going to be partnering with other people and using their money it would require many more units as you would be splitting the profits. If you are going to be using the BRRR method and repeat the cycle a couple times to get to 10 units that isn't going to happen in 12 months. But just because you can't do it in 12 months doesn't mean you should "Steer away" building a rental portfolio is a great way to build long term sustainable income and wealth.