They are definitely not go easy and cruise goals but they are achievable.  

I did apartments for years, but then everyone wanted one so the cap rates crashed as everyone started overpaying for them... so now I'm SFH'ing it because that's where the caps are awesome.I just landed my 60th SFH this year, my operation numbers are totally deferent than let's say someone with sub 20 units just cruising, as I'm buying and remodeling entire neighborhoods at times.

There's plenty of them out there at some great prices.The note industry is in shambles and getting them cheap is relatively easy.Hand them them over to a servicer and you have a good steady income on cruise control without the property management headaches.Jus my 2 cents

One hand cruising, the other holding the phone to my ear.

I've been cruising through the podcasts lately (love that I have 3 years worth of those to listen to; just started the one with J Scott about flipping...really good stuff) I just took his advice and started studying to get my real estate license. 40 hours of studying seems like a small price to pay for access to the MLS.

@Greg Byers sorry I haven’t been cruising the forums lately and just searched and found your post.

. #1 in heavy cargo and received Cruise Ships with more than 1,000,000 passengers UNIVERSITY OF SOUTH FLORIDA (USF). 3 miles awayStudents: 48,000 Annual Budget: $1,500,000,000UtilitiesAll utilities are available to the site including; City sewer, water, garbage, electricity, telephone, cable, police and fire services.Ingress/EgressVehicle access is available from east bound Busch Blvd, south bound Nebraska Avenue and potentially from Wilma Street.Topographical Features/InfluencesThe subject site is flat and at street grade.FrontageThe property has approximately 350’ frontage on Busch Blvd and 264’ frontage onNebraska Avenue.Flood Zone DeterminationZone X – FIRM Map Number 12057C0212H, Effective Date: August 28, 2008 “The areas of minimal flood hazard, which are outside the SFHA and higher than the elevation of the 0.2-percent-annual-chance flood”HILLSBOROUGH COUNTY MARKET AREAGENERAL AREA DESCRIPTION:The subject property is located in the Sulphur Springs/USF neighborhood of the City of Tampa in Hillsborough County in close proximity to Busch Gardens theme park.Hillsborough County which, along with Pinellas, Pasco, Polk, Manatee, Sarasota and Hernando Counties, comprises the greater Tampa Bay Area.

I would say (as a new investor myself) that the best place to find stories like this are cruising throughout the blog or my favorite of the podcasts on iTunes which really have some great information and would be able to work you through some of those MFR questions!

Having a good PM is key, but even with a good one just remember that you'll still have to manage the manager a bit... if for nothing else, just to make sure they don't go into full cruise control mode and get too lax on their duties.  

They even have a cruise you can go on to learn.