Critique my RE plan/goals!

[Mark F.]

Hello BP!

New investor here and I've been thinking a lot about my future in REI. Currently house hacking (couple months in) which as of now is paying my mortgage. When I move out it should cash flow nicely as I underwrote very conservative. Full time active duty and a good chance I'm switching to a federal job this year. I do plan on keeping it for a while, if not do the full 20. No personal debt with very low cost of living. My goal is to have 25 doors for $6k a month in side income. Only spending a couple hours a week managing and overseeing, 2026 timeframe.

I've only been in my multi for just under 2 months and already itching to do my next deal. I picked up a ton of knowledge getting the 1st unit rent ready and have an amazing leasing agent who got it rented for way more than I had thought in 1 week. Had my realtor start sending 4 unit MLS emails again. I want to scale up and eventually own an apartment complex. I don't have enough for a 20-25% dp on a commercial unit where I live and plan on investing. I'm setting my sights on a 4 unit, house hack again using an FHA loan this time (VA loan last time), and then in a couple years using the equity from current place and next place with money saved to buy a 5 to 15 unit.

I know myself and I am more than capable of managing and bringing a complex that needs some love up to par. I think my weak point will be financing. I'd probably be looking at over $200k dp in my market. Even after a 2 and 4 unit under me and some money saved I will probably be a little short. I'm making it a point to get out to more RE events in my area and network.

Any constructive criticism is welcome! In my spare time I've been reading every business and RE book I can get my hands on as well as crushing RE podcasts which I feel is helping a lot on my knowledge. Currently on Jake & Ginos MF one, caught up on the BP one couple months ago.