I want to be averaging about $15k/month in rental income. Any suggestions?

[Chris Mog]

I want to get back into the property investment business. I used to buy and flip SFRs until the bust came in 2008! I lost all my properties. This time i want to invest in Multi family apartment rentals. The most important issue for me is cash flow from rentals. 

[J Scott]

Originally posted by @Chris Mog:

So what r my other options to get to my goal of monthly cash flow of $15k per month?

The numbers are the numbers -- if you can generate 8% returns, you need to have about $2.3M to invest to generate about $15K/month.  If you can generate 20% returns (pretty tough to do, but feasible if you're determined enough and are willing to put up with the headaches), you need about $900K to invest.

So, you need between $900K and $2.3M to have any realistic change of generating $15K/month in passive income.  

Now, if you can generate upwards of 20% returns (owner financing, partnerships, working your butt off, etc), you can start with less, but then that $15K/month is certainly not going to be passive income.

So, the question isn't, "How do I earn $15K per month in rental income..."  The question is, "How do I build up $900K to $2.3M so I can earn $15K per month in rental income..."

And there are lots of ways to build up large sums of cash, depending on your skills/experience...