2015 goals

While I am transitioning; wanted to set some Real estate investment goals for the year.Right now my Real estate income will be a secondary source, so I will be able to re-invest any and all cash flow from my current properties.My current cash flow is ~ 1200 pro forma, but had several maintenance and vacancy issues this year.My 2015 goals will be to correct those.  I will be updating every 3-4 months as I progress.

So my 2015 goals will be as follows

1. 1. Continue to have tenant pay down mortgages on existing properties.Goal is %00 occupancy on the 4 SF houses
2. 2. Convert current primary residence to rental property after completing my transition out of military and move from current location.
3. 3. Maintain / stabilize rental cash fund reserveUse this as emergency fund for repairs and down payment source for next property.2014 was rough asone time maintenance issues and vacancies put serious hit on reserves.
4. 4. Purchase two more investment properties; while I still have a W-2 form.This will be my first pure investment properties, so have to research the best market for where to go.Preliminary analysis rules out 3 of my current markets, as I don’t see the returns there.
5. 5. Purchase a new SF or MF property at my new location (yet TBD) and house hack it, either by renting rooms or buying a small multifamily and renting out the other units.
6. 6. Increase my current cash flow %50 to ~ $1800 -.This has multiple options, including paying off mortgage on one of the properties, new cash flow from new investment properties, and increasing rents on other 4 properties .
7. 7. More efficient use of equity and capitol.Right now have a lot of equity built up in three of my properties, either by appreciation or paying off the mortgages.This may include refinanceor doing a 1031 for more profitable property.
8. 8. Become more educated investor.As stated in multiple podcasts and forum posts, there is a lot of educational resources out there for the investor.Goal this year is to pick one-two formal courses (either in pursuit of RE license [KH1] general knowledge) from open source classes and complete then.
9. 9. Start developing processes and automation applications to increase efficiency of handling my current RE investments o free up more time for research and making offers.
10. 10. Figure out what to do with a non performing property manager

These are my baseline goals, listed in current priority order.  I am forecasting my transition on June / July 2015,  with a possible move out of the PNW shortly thereafter.