If you want some cash flow, aim for secondary markets like Worcester or Fall River.

If you're trying to work backwards on how to get to $40k/monthly net, you'll need to invest $8mil up front and aim for a 10% return. 

These markets are still affordable and offer promising ROI.If relocating, aim for landlord-friendly states like Texas or Florida, and think about whether you'll manage properties yourself or hire someone local.Good luck!

I actually aim for not having any one real estate investment make up more than 1% of my net worth.

There are two types of return from a rental propertyCash Flow & Appreciation.I normally also aim for a minimum of 8% return between Cash-Flow and Appreciation.Appreication, nationally, is around 2% to 3% annually.Therefore, your goal is to get the cash-flow to be about 5% to 6%.The issue is interest rates being very high, you would therefore, need to buy at a pricepoint where the numbers still make sense.You can always put down more of a downpayment to cash flow, but that will impact your cash on cash return calculations.Best of luck!

Your only option will be to find a job to supplement your diminishing ability to sustain your standard of living.The income must last throughout your lifetime.

This is something I aim to understand more about.

This could give me an option as a house flip if the numbers don't work out in my favor for positive cash flow.Target Returns:Given the higher risk, what cash-on-cash return or annualized return should I be aiming for?

Aim for a mortgage amount that clears the remaining HELOC balance ($68K) and leaves room for any additional costs.                                                                                         

Our aim is to maximize appreciation and rent growth while still cash flowing enough to break even after all expenses in the short term.