The sense of community and encouragement provided by reading everyone's posts has helped me believe that my new goals are sensible and achievable---  with a lot of hard work!

You put down 30% - $1.2M - and increase rents and decrease OpEx with a $2.5M in CAPEX to achieve $600K in NOI in year 3. 

Hope to stumble across many more nuggets of info here to help achieve my goals and make some great connections!

Its largely goals & objectives without the specific mechanisms that will be employed to achieve them. 

@Patrick McGrath we look for 150 unit+ apartment communities that have value add potential to increase rents so we can achieve a minimum 8% cash on cash return in the first year and 13-20% IRR over the five year hold period

You are right though, I don't think that's the expectation level that needs to be achieved. 

I have 25k that I would like to invest into property, however I don't know the best way to achieve my goal of making a passive income.

There are a few areas out there where you can achieve this. 

I am 20 years old have $60,000 saved from working on a remodeling crew and living with my parents and would love to start investing now so I can achieve my goal of financial freedom as early as possible.

Often what you're hoping for is achieved through a Seller Concession.