Goals for rental properties

[Nick Brown]

As I prepare to invest, I have the Pro membership, I watch endless videos and listen to every BP podcast, I've bought the books, etc, etc.

"Start with the end in mind."  What is my goal?  I am simply looking for 'a little' cash flow.  Not looking for 300 doors, 100 doors, or even 50 doors.  I would just like $1500-2000/month supplementary income above what my retirement accounts are going to supply as I roll into retirement in 10-15 years.  

Monthly cash flow.  That's it.  Long term appreciation, loan paydown, etc... that's all icing on the cake.  But I'm only looking for extra $$$ coming in each month.  That being said, as long as I am diligent with the numbers on the calculators, I get a good property inspection and find that the property is sound, and do my best to get good tenants, what else matters?  What else do I need to be mindful of as I'm shopping for property number one?  If I ONLY focus on the goal of cash flow/door, is there any risk that I'm setting myself up for?

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