Once you know total value (ARV) based on market realities , you can define total cost (project budget) by doing a residual analysis.Residual analysis involves deducting a target profit, commissions and closing costs from ARV.This market driven process is far superior to adding up all of your costs and putting your target profit on top of it in hopes that value meets market reality.Let me know if you’d like the budget worksheet and I will send it your way.

I was surprised that the simple green got off more residue even after I used the TSP. 

Also the residuals from recruitment is a major one at eXp although that's thankfully being eclipsed by actual active R.E. activities, so less "MLM" and more "MLS". 

Landlord takes care of the issue, but it is extremely odd that no residual wire is found.

They both have advantages with the main one being you keep yourself in the deal and get the benefits of residual income via interest and payments.I also agree with the comment that you may need to increase the term to 20-30 years to keep the payment down depending on affordability.

If your sales success continues at that rate your residuals will dwarf your real estate returns.

Definitely sand imperfections and residue that you can't clean off.

Whether I choose to do it as vacation rental or a long-term lease, it is residual income and it is pretty rad...I feel really lucky and grateful!

I personally am newer to the REI scene, however I LOVE it as a means to build residual cash flow as well as a means to retire.I am a financial advisor, and I work with an array of business owners who prefer to use most of their income as a means to invest more in their business and this is great!

@James Peterson James, in early stage feasibility I do do a residual analysis using new builds in the market common to the project under consideration.Shoot me a DM and I’ll send you a Pro Forma workbook that runs this analysis.