I would add that having goals or targets within that monthly/annual cash flow will help determine when you can quit.

So use a slightly higher expense ratio and your math should be a little more accurate when calculating cash flow.Also, we usually target buying AND rehabbing a 75%.  

So I would go check out many areas so you can target properties in specific neighborhoods. 

If you are wondering where to start on finding a tenant, there are a lot of great resources on Bigger Pockets and on the web with more detailed info.

. - I put in countless hours as the developer working on the concept for a long time I found the site, did a lot of research to identify a unique target market. - I'll be doing everything that needs to be done that my partner doesn't do, including marketing the units, ets., raising additional needed capital from pre-sales and investors, dealing with accountant, etc. - I GET 70% of the company and profitsWhat the builder puts in/gets:- 10k cash, mostly for good faith- The LLC/Partnership will rent his construction company for the duration of the project.

The total ROI, inclusive of loan paydown and appreciation will be conservatively 65% with a more aggressive target of 96% ROI.

At the end of the day, though, if your monthly payment is $1,200 on a 30-year FHA loan or $1,200 on a 30-year conventional loan, then in 30 years they will BOTH be paid off (barring refinance, sale, etc) and they BOTH hit your cashflow target now.  

However, during challenging times, you must look into your target market (tenants) and predict their behavior or feasibility that they will pay you.

#14 about landing pages and re-targeting is absolutely key. https://theclose.com/real-estate-facebook-ads/

Thanks for outlining good expected target range as well!