Feedback / suggestions on my rental investment returns.

[Joe Jackson]

I read through a few posts here, trying to see what returns people are shooting for.. and most don't fit my situation. 

I made my money in tech, and want to be able to not have to worry about money for the rest of my life. 

My mom's a realtor and my dad and father in law are extremely handy... which made my decision to invest in real estate easy. 

We've done a few flips and made big returns, but what I've liked more recently are picking up foreclosures for about $200k, fixing it up with about $5-10k, and renting from $2000 to $2200 a month.. I've had zero problems with our long term renters on our now, 5 units.

I'm not familiar with all the investment terms used here, but I'm making about 6-7% free and clear. (This includes  expenses like hoa's, property taxes, insurance.. and even things like income tax on profits and depreciation tax credits)

So for example,  the ~$205k condo returns $14,350 after income tax and all expenses (ie where I call it 7%)

I still have lots of cash on hand, and am curious what you guys think about these numbers and if there's anything else I should consider. 

I want to keep things very low maintenance and pretty low risk.