My main goal is to build a portfolio of rental properties for long term residual income while I house hack the first property that I purchase.

Something with residual income as well potentially flipping some of the lower end properties in the area.

I want to take that profit to use it to diversify assets and build a healthy rental foundation.I have some short, mid, and long-term goals (as naive as they may be for just starting) as follows:Short-term: Buy 1 property per yearMid-term: $2,500/mo in residual incomeLong-term: Own 1+ multi-tenant propertiesI'm very new to real-estate as an investment outside of the two years I rented my home.  

Investing elsewhere would not be as favorable as San Diego but I would still be achieving residual income. 

Hey @Mike Griffin, here are some ideas: -Potentially higher sales price because they are flexible on terms-Faster sale-Residual monthly income that can act as an income stream in retirement At 5% interest amortized over 30 years, the seller would make $90k in interest just in the first year.

Currently scheduling inspector for Thursday 21 April 2013, also scheduling a mould and meth residue assessment, hopefully for Thursday as well.I got my Fire Policy Quote today, much higher than I expected: $1960 a year.What else should I be digging into?

My world was opened to REI and BP accidentally on youtube when I ran into Rich Dad Poor Dad audiobook and have been fascinated with the idea of not working for money but having money work for you through investing into property(s), buying and renting property, generating residual income.

Needed residual income to help cover daycare cost.

I've raised rents 3% year over year while property taxes (one of my largest operating expenses) have dropped 4.5% due to the residual effect of the crisis.2015+ is where it gets a little more uncertain.

I have a great career already that pays me a great amount of money but like most people on here I’m looking to get into passive/residual income streams.