If you are familiar with Dave Ramsey this is what he calls the debt snowball. 2)  If your parents want to get out of maintenance issues they can sell each house in item 1 with owner financing as it is paid off, they will have residual income but no longer be on the hook for maintenance.  

So, the risk of holding on to it for that eventual increase in residual value is probably about $6000 to $8000 per year.

I had such a good residual income coming in during the middle 80's because I got creative and made deals. work..99% of agents would say hey I need to be paid at closing I cant take commission over time, Me I just banked these to the point were my residual income was ridiculous..

There are factoring companies that purchase equipment and lease back or lease it to a lessee providing residuals for the future sale of assets as well.

I made a mistake buying a german SUV bought new in 2003, which now has a residual value of 10% 11 years later.

The most important thing is how to calculate residual land value.  

Thanks for all of  the suggestions.I'm going to try "After Fire" before I give up and replace the carpet.I did try the ozone machine and it did help but there still is a residual smoke smell when I open the door.It is a really nice carpet with an wonderful cushy pad so I'll try anything.Jeff

A few definitions to know in this domain of land development:Raw or unfinished lot cost = raw land prices divided by number of lots derived from land planning actions Finish lot cost = the cost of the land, development impact fees related to land, and common infrastructure (i.e. streets, sidewalks, parks, schools, etc)Residual land value (RLV) = analysis of home prices less all cost to complete and what remains is what a builder can pay for land.

He introduced me to a partner of his who claimed he had access to portable mobile home units across the country and in which case I could invest in each rental property for an investment of $10-15k each and receive a residual passive income of approximately $2.5k/month. 

Fully agree- the only reason I felt comfortable last year quitting my job to start wholesaling full time was because I knew my living expenses were covered by my insurance residuals for at least 6 months.