Hey Guys. First time poster here.. hoping to mine your deep experience and generous knowledge.. Hope I come across respectfully and all. :)

So my partner and I together will have about 120k per year to invest. We bought our first home together last year.

We want to retire in like 5 years.. Can we do this with real estate? I'm thinking we buy like 2x 140k condos per year. Maybe a little more.. idk. The tough part will be qualifying for loans, and not offending the gov't, as we're paid mostly in tips.........

Planning on hiring a property management company of course, and making smart choices in investments. Either promising condos or at least 3/2 houses with a 2-car garage, in good parts of town.

Pitfalls I'm overlooking? Advice for a young hard-working couple who wants out of the rat-race?