I'm looking to build a strong network of like-minded people where we can help each other achieve our goals faster. 

Bryan,You should throw this rule out the window as in most cases it is impossible to achieve anymore.  

I am glad you are thinking about investing in Real Estate as a long-term goal and I am sure Bigger Pockets will provide you with the networking opportunities to achieve that goal.I live in West LA and may be one day we should meet for a cup of coffee.ThanksLakshman

I could theoretically achieve that kind of return by buying an 8 cap on actual financials as long as there is enough upside to achieve those returns.But I'm just not getting into those kind of deals.

With this being said staging a house poorly will also not have a desirable effect your looking to achieve.  

I guess you need to evaluate your goals and see how quickly you want to achieve your passive income #'s  You might speak with your loan officer and see if he thinks you buying a flip/rental in the near term would prohibit you from buying your future primary residence.You could also buy a property that you think will be a good rental, make repairs, live in it short term, and then move on to the next house.  

@Ayana MingoI am not sure what you are trying to achieve.  

@Peter Grosso I think the next market you should invest in depends on what you are looking to achieve from your investment, and what is your short term and long term investment strategy.

The real question is not how many houses a month but what kind of lifestyle and what income you want to achieve? 

As I mentioned above, I limited my thoughts about achieving this outcome.