Therefore, 5 acres will yield a 50,000 sf center (10,000 sf / acre under roof x 5 acres) with a residual site area of 150,000 sf (30,000 sf / acre x 5 acres).The value of the MF can be established in much the same way noted above.

I hope to get to $10k-$15k residual income for retirement.

It's difficult here to differentiate between giving good advice and advocating mentorship programs, workshops or courses to advance your one on one activity and thus speed up the learning curve and timeline to reaching and stretching your goals.I personally have gone the journey from DIY wholesaling, flipping, seller-financing SFR and international Short Term Vacation Rental management and then arrived at commercial multifamily and self-storage real estate syndication due to the fact that it offers the maximum scalability, economy of numbers and at some point truly leads to passive, residual income and thus to time freedom and choice.Send me a colleague request to kick the tires, set up a call and get a few burning questions answered in real time, one on one. 

For me, I own almost all of my properties free and clear, and have very little overhead, so I am totally happy taking on limited debt at better rates and earning a great residual cashflow and just reinvesting excess profits. 

@Aaron Farr If you dont need the cash and dont want to have the residual cash flow now then go for the big take down of a multi unit something down the road.

One of the challenges with this situation is meeting the debt-to-income ratio and residual income requirements, since you’re basically on the hook for two mortgage payments each month.

I give 10% for 4 year of OPM and residual payments for 4 years with OTHER PEOPLE’s MONEY through notes.

Are you looking for cash flow and residual income or are you looking for quick cash?

Hi @Maritsa Cortes welcome to the tribe ;-) I'll second everything @Ryan Murdock and @Alina Trigub said and will add education, mindset, and patience to your list of challenges.Not to be a party-pooper, but to accomplish $10k/month passive, residual income right out of the gate might not be very attainable.

The oil burst up onto the walls and ceiling leaving a residue covering a large area.