Sometimes that requires creative options such as house hacking, renting by the room, or optimizing the property to increase rents.

I currently am a union ironworker making good pay but just like everyone here the goal is to build up a big portfolio and have enough passive income to live freely and would like to achieve that goal as quick as possible!

However, everything is negotiable, as long as you meet the goals of your investor, and can still achieve your goals as well, it's a good match. 11% is certainly better than anything you would find in a Savings Account or CD, as long as they get their initial investment back.

I’ve seen a couple portfolios for sale and think it might be a much more expedient way to achieve my goal, provided the purchase price is right.

House Hacking is definitely achievable with little ones running around.

I need to achieve a 65% LVT to make my next deal work.Are there are any mortgage brokers on this forum that can confirm what my broker is saying is correct? 

But you really need to build out your own proforma, with your planned spending and return thresholds and back into a price that lets you achieve those goals.Capex is not an NOI number, it is a below the line, cashflow item. 

@Sharon H.Hard to say exactly with limited info. 5k a month is achievable now and certainly so in 5 years. 

It's a bit tricky to find immediate cashflow on smaller multifamily buildings, and duplexes specifically have a lot of competition from home buyers looking to owner-occupy one of the units, but with more doors it get's easier to achieve positive cash flow. 

. - by 3rd month you will be at optimal.