It looks aggressive, but achievable if the market stays hot.

I noticed this post is a few years old so I am curious to hear where you guys are now and the level of growth you've achieved.

Whoever is you PM can do this as you instruct.As @Linda Labbe states there are a number of possibilities for how you set yourself up but they are very dependent on your personal situation and what you are trying to achieve.

Then you need to put together a team to help you achieve that goal.

That new vehicle is likely to be a passive, LP position with a very strong sponsor / operator relationship I have where his money could be pulled out or reinvested after 24 months and would achieve roughly a 10% cash on cash return payable in quarterly distributions.

I think this is achievable either buy continuing to collect 3-4 unit properties,  or in a trade-up to a larger property.   

Also to meet fellow real estate investors in the 860 area as well as nationally.My goal is to achieve financial freedom through real estate and hopefully in 5 years get involved in some commercial real estate.

If the numbers work in terms of cash flow and achieving your goals, does it REALLY matter, or is it just in your head? 

It’s very possible but eventually you likely need to get into commercial (which is a whole new animal) so you can achieve scale.

., where labor costs are a big factor to consider in budgeting this out.What are the premiums you're achieving versus units without washer and dryers?