I have completed 3 Lonnie deals and have $1100 coming in per month.
I’ve just signed papers to buy a land deal for $7k and will do repars of 5k. I will sell for $28k for 113 mo payments of $400 per month. My ROI on this deal is 38.9%.
With those 4 deals I’m up to $1500 a month.
Realistically I see many folks leave good paying jobs BEFORE they should (Granted, many people stay with their jobs much longer than they should). If I wanted to “replace” my $30,000 job I would want a minimum of 12 deals bringing in $250/month.
Depending on what your nest egg is and your bills this will vary.
I should add that I didn’t listen to Lonnie’s wise words and early on I bought a 1969 and a 1970 that I recently sold for a loss of about 4k. I just couldn’t sell them for 'other than their worth" (I overpaid). But I sold them and am moving on.
Good luck in your investing,