This idea of building a real estate empire and retiring at 20 is not feasible and has (in some spaces) been the narrative for some time.

I think I would really have a feasibility study done.

Real estate development is a complicated capital intensive process and there's a lot you need to know and do before you put a property under contract or close on a property you plan to develop.First you need to do a quick feasibility exercise to determine if the project will work financially.

The contract provided for a short feasibility contingency period to review the most critical items, and then an extended closing of around 9 months.

My typical BRRRR in Denver is 20% CoC.2. 20% forced appreciation = Feasible, but not a metric I would track personally.. again, more dependent on the kind of strategy you're implementing 3. 5% market appreciation = this is not something I would bank on either.

Hey @Darius Wade,I agree with everyone who said that a BRRRR with your current house and numbers isn't possible/feasible. 

How feasible is $250 per month?

Is this a feasible goal for a first-time real estate investor?

(not many, is my guess)So, the place to start is by focusing on coming up with something that will be feasible from you.

The long term plan would be to repeat this process until I build up enough capital that waiting 2 years between property purchases no longer makes sense and then transition to a new strategy.However, there are things about the Seattle area that concern me regarding the feasibility of this option.