I really want to get into buy and hold real estate to create residual cashflow.

The residual antifreeze keeps the pump from freezing. 

The most important things when considering cost seg are your cost benefit and that it's an engineered cost segregation study as opposed to a less intensive residual estimation or sampling study which can present IRS issues if too overzealous in reallocation.

My plan would be to replace my salary with residual income ASAP. 

You can always purchase the residual after 3 years in the event your wife loves it.

Lastly I want to actually be able to retire when I do retire and enjoy life, and not have any financial worries.GoalsLong Term1.By the time I retire in 10yrs from the military the primary goal will be to have over $100k in residual income from my investments, thus allowing me not to have to “work” ever again.I know this is rather ambitious, but I would like to have 50 units by then with a goal of $200 cashflow per door.  

It can provide residual income long term and I derive great satisfaction reviewing any of my finished projects, so I wonder how good I can become in this?

By my 8th year my rental properties were bringing in half my pay in residual income, so I got out and went full time. 

There are however residual benefits that come along with working those hours in the early years.

Hi, my name is Darrell Streeter and I'm interested in learning about investing in real estate for residual income and flipping properties.