Goals for 2017:
1. Actually get rental #3 done and ready to rent. (Left over from 1st quarter 2016 goal. Yikes!)
Net worth increase: $35,000.
Income increase: $ 4,800.
2. Actually get old house done and ready to rent. (Left over from 2nd quarter 2016 goal. Yikes!)
Net worth increase: $ 0.
Income increase: $9,600.
3. Get Roof, Mildew/Mold, Electric, Plumbing, HVAC fixed on Flip #1. Get 50% of remaining work done. Cashflow repairs.
Net worth increase: $ 0. (Net worth increase of $25,000 to $75,000 in 2018.)
Income increase: $ 0.
4. Max my 401k. $26,000.
5. Max spouse 401k $25,000.
6. Vanguard contributions: $12,000.
So, conservatively, $86,000 net worth increase, with the heavy lifting done on another $25-75,000 for 2018.
Plus an income increase of $14,400.
As soon as rentals #3 and #4 are rented, and we have flip #1 on the market (or all the materials bought or money set aside to do so), we can declare ourselves FI.
If it weren't for flip #1, we would retire in spring of 2017, so the flip is delaying us a year, just to be on the safe side.