Newsflash: Financial freedom off of RE, am i doing it right?

Recently got into real estate investment and wanted to run my idea to financial freedom with you and see what you think.I bought 2 houses for $60k each and renting them for $900/month. I’m cash flowing $300/month (per house) after mortgage payment (they are on 30 years loan), property management (%10), property taxes and insurance.The only thing I’m not counting is maintenance and vacancy. But once I buy 17 properties, I’ll be making $5k/month and at that point, I can put aside $1k/month for maintenance and vacancy and live comfortably with $4k/month. I’m 30 years old and I actually have the cash to buy 17 properties.In 30 years, all my properties will be paid off, and I’ll be making $10k/month at the age of 60. Is this a good approach? Am I missing something? Would love to hear thoughts from experienced RE investors.Thank you

Read more at https://www.reddit.com/r/RealEstate/comments/6falow/financial_freedom_off_of_re_am_i_doing_it_right/?utm_source=ifttt

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