Smart move or think again?

[Fernando Landeros]

I am fairly new to the real estate. I just need some honest opinion from people who been doing this. I am about to receive about 80 to 100k. Not really receive but am going to get this loan I should say. It's a HELOC loan.

I want to buy some houses in my home town that are affordable. I believe I can get 3 houses that are ready to be rented out when I buy them. Or they might just need a little work as well. We live in a revters town.

If I get these homes I am thinking I can do two things.

One if course is to rent them out and from the rent save the taxes,insurance, cap ex, vacancies, and repairs included. With all that I believe I can cash flow around 20k.

Second option would be rent to own. Many people in that town do not get traditional loans so this can be an option as well. 

With the first circumstance I can brin in around 20% return on my money per year. 

My primary goal is to produce 5000 monthly of cash flow. When I do that I want to retire and do real estate full time without the burden of making money to maintain the family.

Sorry for the long post but the replies would be greatly appreciated.