Starting out with BRRRR
I am in the process of looking for my first property to BRRRR in north central Ohio. My end goal is to have $5,000 a month in passive income from rental properties. I'm having trouble with my plan on how to get there. I understand the BRRRR concept. I'm very good at finding and researching properties and doing the math. My husband is excellent at remodeling. Where I'm having trouble is how to grow my passive income without owning 250 properties. Most properties I analyze appear to have a $200 or less monthly cash flow after all the expenses are covered. Do I buy five properties with low monthly cash flow hold them until property values rise and then sell them for a larger multi-unit? Is there a strategy here that I'm not seeing?