$200k Capital -> $3k/month profit, doable?

[Conor Livingston]

Hi all,

I want to invest $200k into buying my own rental properties. I would like to take home $3k/month profit from this (e.g. after expenses). I would like to accomplish this all in ~1 year.

How difficult on a scale of 1 (super easy) to 10 (nearly impossible) is this goal?

[Nathan Gesner]

I would give it an 8.7 difficulty.

If you're able to find properties in this market that cashflow that much, they're probably some very high-maintenance properties that will come with a lot of turnover, repairs, evictions, etc. Something like D class in Cleveland. You'll be working so hard to keep it afloat that you could just work a W-2 job for the same money, less stress, and benefits.