@Jennifer Darby I give new tenants adhesive felt pads for furniture legs...home depot or dollar tree.

Whether I choose to do it as vacation rental or a long-term lease, it is residual income and it is pretty rad...I feel really lucky and grateful!

I personally am newer to the REI scene, however I LOVE it as a means to build residual cash flow as well as a means to retire.I am a financial advisor, and I work with an array of business owners who prefer to use most of their income as a means to invest more in their business and this is great!

Another thing that'll help when the plaster has separated from the lathe is to drill a few holes and reattach the plaster with an adhesive - Big Wally's Plaster Magic is one example.

@James Peterson James, in early stage feasibility I do do a residual analysis using new builds in the market common to the project under consideration.Shoot me a DM and I’ll send you a Pro Forma workbook that runs this analysis.

Likely, their only profit will be any residual cash flow left over after they've paid retail for everything along the line (as you said).And will that cash flow conform to pro forma predictions?

I still am, was hoping someone here had an answer as to where the small amount of residual tax goes through.

For Instance: If a medium density (4 to 6 lots/acre) Single Family detached development is the most appropriate use, you can work backwards by running a residual analysis to find for paper and finished lot values.For Example: Let's say that single family homes in market area of the site for ~2,000 sf house is currently  selling for $250,000.

To actually update it, you would have to take it out and put in sheetrock.If you want sheetrock you can install it directly over the wood paneling.  1/4" thick sheetrock is available, which could probably be installed with construction adhesive to minimize the finishing work. 

Also the treatment is not like that for termites where the chemical residue stays and is active for years.