And buy and holds make even more residual income as ARV will increase growing your portfolio even faster giving you a greater profit as long as properties values climb.

We procure vendors periodically throughout the year and several vendors compete for our business as it gives them residual work throughout the year without advertising for new business.

We want residual income for retirement as well as help to start build something for our kids so that they have head start in life and will hopefully be able to stay in Hawaii should they choose to. 

Start building a portfolio now over the next six months so when you move you are walking into full time RE earning monthly residual income from rents of those owners you have already on boarded.  

(ie. 3 partners investment is safe, and the borrowers loan is safe)It'd be 3 people holding 100% equity in the home and taking rental business profits, while the borrower who the loan is under gets residuals for putting his credit up and also gets profits from the rental business.

They re-invested in other areas of real estate that produced residual income (apartments/storage rentals).What is this type of investing called???

Sure sounds like a ton of work for $39k with no recurring residual income.

I can tell you that I do purchase properties in their "as is" condition under favorable terms that can provide a tax savings to you with a residual income and at a fair market price.

The glass doors also get a residue that is hard to get off. 

Residual is what its all about.