Rental Portfolio Goal and Structure Feedback

[Greg P.]

Hi All!

I'm interested in getting your feedback on my objectives and how I plan to achieve them.  I'll be terse.

Goal: Generate inflation adjusted free cashflow of $8k per month in 10 years. Minimum goal is $5k per month in 15 years.

Portfolio Design: Acquire multiple properties that generate rents high enough to amortize loans in 10-15 years and cover all costs.

Example: $100k 3/2 property; PITI $733; Allowances $196 ==> Minimum Rent $903 (15yr amortization) Target Rent $1122 (10yr amortization). I am finding properties that meet these requirements. To meet the optimal target ($8k/10yrs) I would need about 7 of these properties.

I'm looking forward to your feedback and creative ideas based on your experience.  

Thanks!

G