Hi all,I was recently introduced to a real estate investment opportunity by an old friend (who claims to be a gap funder/broker).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.The deal would be a completely turn-key investment, as I would own the note on the mobile unit, and I would not have to do any maintenance, etc as a normal landlord would.Everything sounded great on paper, but here's where a got overly suspicious:1) The one-page, loosely written contract he provided did not disclose any address or rental property infornation, nor were there any lease/loan terms or agreements set forth.2) The urgency to close the deal.

I am also very interested in the residual income that can be produced through real estate.

I also have access to 50-80k as startup capital, if necessary.My goal in real estate is to create residual income as well as invest in newer, developed regions and perhaps have tenants, etc.Any advice, experiences, etc would be of great help!!

Next search for and introduce residual income...

I subdivided and now have separate offers on the house and on the residual vacant land. 

However, every time there is a major storm, all that oil residue from the fuel samples rises up and runs off.

There are no signs that the tank has any issues (no visible oil in the soil at the surface and no smell of residual oil in the area), and I'm worried that a soil test is only going to cause unnecessary costs.  

Anyone know why rust type residue would be on the bottom of the opening to the bedrooms (pic attached)?  

Brian Dalton those are a lot of great points, but i do want to focus on commercial multi family apartments that generate that residual income. starting off small at first then build my portfolio to bigger deals. but thats kind if where my head is. if any light to share or opinions on this please feel free to let ne know. thank you for your time

And I knew that real estate was and is the most effective vehicle for generating residual income and long term wealth.How did you balance your time and what financial aspects did you review prior to taking the plunge?