It works pretty well, but is a bit challenging to install and often leaves behind residue.

The only easy money was in purchasing lease payments on RE and heavy equipment (15-18%) due to the credit nature and salvage/residual values being high, but I didn't do so much that I had any collection or lien issues.

I was hoping come up with a more creative deal structure where upon the owner could receive some upfront capital while maintaining a future residual income stream as well. 

Credit score is over 680 , The only monthly debt that I have is $200 in monthly debts ( credit cards ) , based on my 2012 and 2013 taxes my Gross income is $1,375Given this, and getting approved for the highest DTI that FHA allows, plus the calculations regarding Residual Income that a Lender looks at, what amount am I likely to get approved for and what would my monthly house note be ?

If they are from a small town or towns, advertising may be much cheaper than you would imagine for a newspaper or church bulletin, not to mention direct mail.The best part of your idea is the residuals.

After 10 years he finished buying, and started using the residual income to pay down the loan of the first property so that it clears of debt faster.

I was referred to this site via a friend, after asking his guidance on we've a real estate investments and potential plans to create residual income.

I'm just starting out in real estate investing in serious way thou I've had lucrative sf subject to and lease option deals that I've profited from on the front end, residually from monthly cash flows, and closings.

He was looking to leave the corporate world in his early 50's using the residual income from his rentals.

If you say you want passive CF (residual income), then flipping and/or wholesaling won’t get you there.