Your goal of 10 properties in 10 years is definitely achievable.

I enjoyed reading your introduction.I hope you can solidify your goals and achieve them.

All the best as you pursue, and achieve, your real estate goals!

I wouldn't calculate with zero vacancy and zero maintenance.I don't know if any members will suggest you to do one or the other because it comes down to what you want to achieve in the long run.Let's try to do some quick numbers hereSay you spent the $8K and now you can fully rent it out for $1500/monthI am just going to do the average of 3% closing cost of your $160K$5600(down payment) + $4800 (c.c.) = $10,400 initial investmentyou spend another $8K to do the repairs$18,400 total investment+1500 a month-125 vacancy (1/12 = .08333%)-45 maintenance reserve (3%)-120 trash removal exp.-1165 PITI=50 Net Operating Income50 x 12 months = 600 NOI annuallyOf course there might be some other expense I didn't include.your cash-on-cash return = $600/$18,400 = 3.26%That means you will roughly take about 30.66 years to get your $18,400 backI am just doing some quick calculations.

All you have to do is go with the flow and understand your mission is to focus on the end result and do eveything that has to be done in a timely basis to achieve your rewards.

Then develop a plan to achieve the goals and requirements.

If you can achieve those numbers that will give you a strike price and then you could make an offer about 10% below that.Also I would calculate in a CAPX of at least $250 per unit per year.What is the current Occupancy?

But for them to achieve a higher return for a short period of time and for me to save money on the transactional costs made a lot of sense.

Challenge: How would you achieve a goal to make $30k a month in rental profit in 5 years?

I'm super excited to meet you all and create a plan to achieve my goals now that I know about BiggerPockets.