Posted by Terry on March 09, 2007 at 16:41:41:
$3k/month is a cash on cash return of 30% ($120k investment) or 18% ($200k investment). Those would be homerun numbers for a beginning investor.
I would suggest you spend a bunch of time reading this board and the archives to get an idea of what it would take to earn those returns. In addition, there are a number of good articles on this site. Finally, there is Ray’s book that would go a long way in helping avoid some painful lessons.