Bring in a broker as soon as it’s under contract to determine its current residual value.

While they are wondering what happened to the market  in a few years I will be sitting on a lot of residual income doing a deal if I want to but not because I have to.Have to look at the long game and not tons of gratification and spending in the short game. 

To sum up a little bit, my current business plan is to get started in this business with wholesaling properties to build capital and relationships that I can utilize in the future to help transition me into rehabbing as well as buy and hold strategies with real estate to create multiple streams of residual income that can hopefully replace the steady paycheck of a 9 to 5 job, speaking of which, I am currently working as a purchasing/ sales associate for a company in the asphalt industry, so I am not new to the buying and selling of products, a skill which I believe will be a boon for me in this industry of real estate investing.

For as long as I can remember I've wanted make a career in real estate; well since I discovered that it was a safe way to create a residual income for myself.

Less headaches, large profits but you cancel out the forever residual from rentals.

A long term investment with a possibility of appreciation and more stability or are you looking for a less costly option that will bring residual income but has more of a demand for an active landlord/manager.

My Goal: By 45 yrs old, I want to be completely debt free and I want the assets I gain from investing to build enough savings/residual income to support my lifestyle, without the need to be an employee.  

Of course that all depends on the purchase prices, rehab costs and residual income after expenses per annum.

If they just wanted to residual income they would simply continue to rent out the property. 

Would you agree, I should do this only if I have extra residual income of $1400 month?