Investing in Multi-Family to Generate $10K-12K per Month in Cash Flow

[Vasundhara Ranjani]

As the title says, I would like to purchase a few (or a couple of larger) multifamily properties to cash-flow at least $10K per month (ideally $12K/mo.).

The criteria are mainly:

-B-class properties/locations (i.e. no "ghetto" properties)

-Professionally managed by a reputable/trustworthy company (not fly-by-night operations)

-Looking mainly in Texas DFW, San Antonio, Austin, Houston) & Wisconsin (Milwaukee and surrounding areas)

What kind of investment would this require? I know it varies by location etc. but ballpark? What $ amount do I need to invest to be able to generate at least $10k per month in cash-flow?