There will still be residual water in the pipes even if the water is shut off. 

I would use the adhesive picture frame hangers. 

For what it's worth, I'm a bigger fan of the terms "Residual Income" or better yet "Ongoing Income."

There probably is little residual value in this investment. 

All properties which cash flow enough can be transferred to a PM while you still make residual income.

Nevermind for means of profit or residuals, but for ones self.Am I missing something lol?

Create more of an online platform/ website, etcIncrease the number of property management accounts that we manage in addition to our own portfolioRefinance 2 properties that we ownImplement more systemsHave enough residual work to bring my partner on full timePurchase a mixed unit property where we have office space, garages, and rental income.

You still get a 1st lien position but you are not buying the whole loan so you have a smaller investment, it also means that the loan reverts back to the seller when your last payment is made, they basically have a 2nd lien position until you are paid in full and a strong interest to make sure you are paid back in full so that they get their residual payments.

He is charging 6 % of gross rent for managing the property.Upon reviewing the current P & L statement, I saw a fee call "residual fee", I have never heard that term before. 

Draining the lines & blowing them out was tedious & with some of the indoor laterals & high end Kohler brass shower diverters I was skeptical that any residual water would not cause problems.The ongoing Pex issue I now have is at a 6plex.