For example, let’s say someone sets an annual goal of cash-flowing $120k ($10k/month) a year in passive income, and then sets a quarterly milestone of acquiring 20 units.

Prioritizing cash flow, mastering property management, and learning basic repairs can make a big difference.

Prises are so attractive but as soon as add the taxes….there goes the positive cash flow.

The goal is to create cash flow, do some value add work, and be able to take advantage of the STR loophole to help with my W2 income (hence the self managing).I’ve been exploring towns like Beacon, Woodstock, Hudson, Newburgh, Lake Hopatcong, Highland Lakes, and others.

You need to know for sure.Even if you raise the rents, the property is still a negative cash flow, so it doesn't make sense.There are always comps.

The key is to not have negative cash flow.

If it’s in a great part of town, these generally tend to not be the best from a cash flow perspective. 

Vegas is tough when it comes to cash flow.

It's not that complex.It's all about cash.  2 forms:  1) Liquid, as in cash out of pocket (cost) and cash into pocket (cash flow). 

@Candy Kimbro Congrats on your STR property, nice cash flow for sure.