What strategy gives you the best chance at meeting your goals @Ian Russell?

Those five cities has the best chance to go negative, but even a few months of negative will put year over year still in the positive. 

total monthly estimated clear profit is $3,450/ month.

Dealing with a property that is in bad condition is usually going to have the chance at picking it up at a better discount. 

I am a newbie in all sense but if I can focus on trying to grasp this concept, I may have a chance at a real possibility like this sooner rather than later.Thank you all in advance who reply.Much respect,Dan Nieves

In my opinion the biggest risk is that you are very new to the game, and there's a high chance you will make a bunch of rookie mistakes.

I am GC for clients on these and both those estimates came in at $80/SF. 

I estimated about $30k rehab.

As Gareth said, learning how to run the numbers accurately is also of utmost importance, especially when it comes to marketing the property to your buyers -- they will not go for the deal if the spread is not wide enough.I wrote a few biggerpockets posts on how to run comps, estimate rehab costs, and find motivated sellers and off-market properties, they are all here: https://www.biggerpockets.com/blogs/8814-investing-with-rei-kitI feel that the most important information is how to run comps, as without that you are at the mercy of what the seller says their house is worth and have no baseline for where to start negotiations: https://www.biggerpockets.com/blogs/8814/68395-how-to-find-real-estate-comps-and-calculate-after-repair-valueYou should start creating a buyers list right away, as getting a property under contract and running out of time to find a buyer is a real possibility.

They said if there are major issues they recommend the owner hire a house inspector to gauge a repair estimate.