My Ultimate goal is to build residual income and use Real Estate as a tool to fund other goals and generational wealth.After reading countless books,  completing real estate school and even attending seminars I am more than ready to get in the field and learn with hands on experience.    

I'm not necessarily looking for steady growth in equity, my focus is to buy, hold and build a strong base of residual rental income.

This is a low income area so I assume the tenant does not have residual income that she can fork over suddenly just because the property ownership changed over to us, but I want to try to protect myself as much as possible.

You have to get in all those little grooves and you have to sand or use chemical agent for paint adhesion.

If purchasing to rehab and resale your numbers need to work to not only put repairs needed into the home to sell, you must also look at the carrying costs until you sell and the cost to sell so you will need to find a home with more equity then if you are looking at a buy and hold property that you can afford to sit on for years to come and build residual income along with equity.

My long term goal is to get enough cash to start flipping and using that cash to buy and hold for the long term residual.

And buy and holds make even more residual income as ARV will increase growing your portfolio even faster giving you a greater profit as long as properties values climb.

Then no more residual income. 

Since the furniture and furnishings cost me $38,000, and I am in the fifth lease year, I have theoretically collected or will collect $54,000 on my $38,000 investment, plus residual value. 

Bifen IT provides excellent control of over 75 insect pests, leaves a long-lasting residual for up to 3 months indoors and one moth outdoors, is odorless, non-staining, dries clear and is safe around children and pets when used as directed.