I'd like something that produces a residual income.

The good guys make money based on volume, repeat business and residual income from professionally managing the assets.

I started my real estate endeavors in 2012 when i realized there was a lot of potential for long lasting residual income to be made by purchasing multi-family properties.

I feel this would be a great opportunity to owner finance and get residual income on a property rather than selling and taking the equity out.

We all have our preferences, but at the end of the day it's about positioning ourselves to meet and sustain our goals, whether it is immediate or residual ROI, cash flow or equity, or a combination of all of the above.

The other thing is flipping is short term quick money with no residual income.

There are newer products not available at the box stores that have releasable adhesives attached to the LVT, you'd have to check with your local flooring dealers.

I guess I should start by introducing my self My name is Sergio I live in the awesome city of Phoenix, Az I came to the U.S 22 yrs ago from Colombia, I served honorably in the U.S Marines and I currently work in the oil and gas industry in the frozen state of ND, some of my hobbies are riding my motorcycle, hiking, shooting at the range, salsa, bachata, vallenato dancing.Like almost every one I was influenced by Robert Kiyosaki's Rich dad Poor dad a few years ago and that set in motion a desire to get out of the rat race, I started working in the oil industry to get out off debt as prescribed by Dave Ramsey now a few years in to my oil field career I've accomplished some financial goals and now ready to dive in to the real state world so I can work for my self "minding my business" (forgot who said that but good quote) I like to focus on buy and hold rental property the residual income is something that is appealing to me, I guess my goal is to eventually stop "working" and spend more time with family and donate more of my time and money to my friends organization helping disable kids and under privilege families in Colombia.I hope this was a proper intro and it wasn't too long looking forward to one day being on the Bigger pockets podcast with Josh and Brandon and having photograph taken with Robert Kiyosaki. 

If you assumed a 10% development profit of $30,000 (which is a bit low) on the sales value, total Project Cost needs to come in at or below $250,000 ($280,000 - $30,000) to cover all of the aforementioned Project Costs (after a $30k profit).In order to determine the hard cost you can run a residual analysis by backing out all other project costs.

Residual income is a benefit and still on the list of motivations, however, helping others to get what they want has proven to be the primary purpose.