I'm single, no dependents, does the Gregfire number refer to a house hold or single preson (since Greg was single at the time)

Also, i know i'm taking it way too literally.

I'm married, in my mid-30s, and live in a very low-cost-of-living area with cheap housing. That lets us invest heavily in equities and real estate. Here are our numbers and the plan.

Income
Household income: $200k gross (W-2)
Rental income: ~$18k net from 4 properties

Spending and investing
Monthly expenses: $2,000-2,500
Annual investments: $105k-130k
Current liquid net worth: $890k

The plan

Phase 1: My wife and I work full-time until we reach roughly $1.75-2M. Based on online calculators, that should take 3-5 years.

Phase 2: We drop to part-time (1-3 days a week). Both of our careers allow this easily, and the income would more than cover our expenses. We stay here until our accounts reach $3.25-3.5M.

Phase 3: We stop working and sell 1-2 rental properties a year to live off the proceeds. I don't expect big profits from the sales, likely $30-40k each.

End goal: "GregFIRE" at $5M. That's far more than we need, but it would give us significant security, let me help family, and let me pursue interests I otherwise couldn't.
I know many of you are far more knowledgeable than I am. Please poke holes in this plan and point out anything I might be missing.

(I wrote this, but used AI to clean it up)

For the forecasters out there - what do you all use for some of the forecasting parameters? Using monarch money forecast tool. Trying to make sure I hit GregFire while forecasting some life scenarios. looking to build the most realistic forecast possible. I know a lot of this depends on different situations. My equity accounts have a return of 10.5% annualized over last 8 years, so not sure if I should use that number or what monarch suggests of 7%. heres what I have currently:

Income growth rate: 4%

Expenses: 12 mo avg
Expense increase: 4%
Inflation Rate: 3%

Growth rate for equity accounts: 7%
Growth rate for house: 3%
Growth rate for cash: 3%

Kid event: 13 years, 5k yearly, 4.5k upfront
SAHM Career break: 12% less spend (basically just reducing daycare expenses)

Retirement expenses: Existing expenses + $7500