The idea is to create and rank about 5-6 websites over the next 10-12 months after which i am hoping to make at least $3k from adsense every month. I would appreciate any advice you can give me in this regard.
I think that is quite doable, but don't quit the day job unless you have other income streams, or until you have enough saved up where you can live off your investments.
The best experience is probably just trial and error and studying the serps. Most people making a lot from blogs and web sites aren't really going to post their business models online or write books about it. It would invite too much competition.