To reach $15k/month ($180k/year), around 20 properties would be needed.However, with $2,500/month rents, only 12 properties may be required.

It is a slow game and takes time to build up.  

I’m not aware of any state that allows what would be a junior lien and would be extinguished in the foreclosure sale to game the system and record the lien in the gap between notice of the sale and the actual sale.There are ways to legally address such “liens” when they do arise in the middle of a foreclosure… such as redemption or surplus or even a QT action. 

Hi @Kay Li, make sure to reach out to an investor savvy CPA/Accountant, there are over 20+ enlisted here in Biggerpockets.

I'm looking to connect with more people on here, so please reach out!

And then, regardless of if you are interested in the actual property, reach out to the broker and offer up coffee to get to know each other.

Welcome to the BiggerPockets community and congrats on being ahead of the game!   

I did find their website but the lender who reached out to me raised too many red flags.

If your average heating bill is $150, you may not collect enough in the winter months when the bill reaches $225 but you'll collect extra in the summer when it drops to $65.

Hey Charles - STR game is a great one to jump into, especially in your market.