This allows us to cash them out for more than what we paid, pay that money forward on the next property while still collecting fantastic residual returns.Right now we're in contract for 2 properties, they are expected to close the first part of January 2015, so these will be added to the 2015 goal.

I also have a residual income from past employment of about $1000 per month.

I have been working in analytical fields for all of my adult live (pension actuarial student and IT/management consultant), and am looking at other ways of providing residual income for myself and my family.Thank you for taking the time to read my introduction.

I was thinking of taking $40k and purchasing a duplex for $18k (generate $800/mon) and a single family residence for $15k (generate $500/mon) and use the residual cash for emergencies or repairs.

Did you get residual calls throughout the month long after you had already send out mailers?

I appreciate sustainable and residual income, so I appreciate that with the business traveler I can develop a client relationship with the company who will rent from me on a regular basis. 

After the split payment period ends (usually after 60 payments) then you get those payment back and some nice passive residual income.

Smoke residue sticks to the walls.

Whatever residual nicotine remained on the walls and ceiling from tobacco use from previous tenants has now been covered up by your painting.Gail

I am going to have to pay for remediation in a month when he moves out and I'm concerned he will continue to deny in-unit smoking and fight me on security deposit deductions.I found a kit online that tests for nicotine residue.