Goal of 5K month - best way to proceed?

[Chris Gordon]

Question for the group to sanity-check the direction I'm going....experience is finding out there's a better way after you're done.

My goal is to achieve 5K in so-called passive income per month. That seems reasonable and achievable, and I think there are more than a few folks on BP who are there. 

I define passive as not having to rehab, wholesale, or any activity that requires me daily to keep the machine going...so that more or less leaves buy-and-hold of some type, perhaps buying notes, maybe something else I'm not thinking of. I welcome disagreement on this point.  

Let's say I had 300K I'd be willing to use towards this goal.

My current plan is to gain experience in landlording, rehabbing, building a local team, finding deals, with the aim of BRRRR-ing properties (right now SFR and small MFR, but maybe larger commercial once I have a handful or properties) over the next 5 years to achieve this.

Better ideas? Recommendations?

thanks