I made a chunk of change which set me up for a time to come, but not residual income to last forever.

But in one program I had - Donald Trump real esate program - the instructor stated that he NEVER sold a property - he kept them all for residual income/passive income and net worth and constantly increasing value.

With the vinyl in sheets, you use a wet adhesive, so the floor prep is not as critical as with the little 12x12 self adhesive tiles.

You make money on the down payment, the difference in monthly payment and any residual as the final cash out by the third year.

Looking at all the good deals around and I need to build on my portfolio with some SFH's for residual income and hold for when the market gets back to full strength.

But still, the net yield (assuming a more realistic 45-50% expenses/vacancy/capital) is considerably better than most alternatives.Maybe it's this: they like you to lever up so that you can use your capital to buy multiple properties (meaning multiple sales and higher prop mgmt and maintenance residuals from tending to all these properties).

In my case the siding was already weathered - so it was already 'scuffed', adhesion is much better with older siding than newer shiny stuff - no base coat or sanding required.

I am a multi unit guy and I have always been about residual income and thats how I look at most of my deals.

The apt buildings are a place for residual income and they are long term ways to store wealth and receive income monthly.

When you walk in you get hit with a strong cigarette smell and you can see some residue on the walls from it.