Want to make the switch to become financially independent

[Glenn Rice]

I am a 37 year old who has worked as a chef for the past 14 years. Currently working at a large upscale resort in Miami, FL making OK money (50k a year plus benefits).

I increasingly find myself not wanting to deal with under performing employees with bad attitudes and bosses who are out of touch with priorities and needs.

I have experience with managing rental properties due to family business and want to make the flip to buying my own rental properties to start a passive income stream to eventually become financially independent. I want to have the time to do whatever I want day to day.

I currently work 50 to 60 hours a week with changing days off so my feeling is that this kind of schedule would make it difficult to manage properties.

So here is my plan and I would appreciate some feedback. Get my realtors license. Average home price in Miami is 350k. So that would be 10.5k commission on average. If I continue my lifestyle which is budgeted out for my current salary and sell more than 5 houses a year I could use the extra cash to go towards property acquisition. Thus building up my portfolio.

Please let me know what you think.