Hi everyone,Since we are very new to the real estate investing world, I need advise.if you would have 2 options:Option 1Get a duplex, no appreciation but good residual income – 15% cap rate, in a C- neighborhood – price $170 - Asbury Park AreaOption 2Get SFR, good neighborhood, waterfront, almost no rehabbing costs, appreciation value, 7% cap rate, - price $170 - Perth Amboy AreaWHAT WOULD YOU PICKMy financial adviser said that i can swing this without FHA loan by putting 50K down.

.$6.67 To remove the piece of duct tape and residue over the crack of the microwave exhaust cover we had placed.$3.33 To put a smoke detector back on the ceiling (We had finally removed it because no matter how many times we replaced the battery, we finally realized it was broken, we could never get it to stop the constant annoying chirping, And we forgot to put it back up before leaving)And the most ridiculous one of all…$20.00 To take our 2 trash cans to the curb along with the some extra bags of trash and old empty cardboard boxes.

@Brian Garrett mentioned wholesaling and flipping but that doesn't check off as a passive residual strategy on my list, it's a job, even if it pays well if you do it right.IMO multifamily or self-storage value-add real estate are probably the most tangible and accessible (passive, residual) strategies for the laymen to generate wealth and high net-worth, "fast", whatever that means to anyone.

I would like to learn how to manage properties and gian residual incomes for real estate properties.

Now sometimes you have to work the J-O-B to get the freedom, but I keep my eye on the prize, passive residual income, otherwise known as Cash Flow.

I would love to find someone to work with on this lifetime endeavor of building residual income through multi-family rentals.

You may need to open the top access lid to add water and have any residue pumped. 

I was bored and just riding around town one evening and saw an abandoned house in the middle of a nice neighborhood (boarded up, grass overgrown, residue from flames, garbage, busted window, etc.). 

However, he still wants to hold on to that property so that he can rent it out and create residual income to supplement his current income.

I was also curious on your residual value of the property for your exit strategy?