That way, if he has any existing financing he can pay it off, get a big chunk of cash now and still have a residual stream of income.  

Just sold a minority interest in a company…residual payments from that, had some assets to invest and half a plan.  

Do I just need to have a bunch with small residual incomes until they are paid off?

As real estate investors, we have a very unique set of needs and most companies and agents out there are limited in their ability to structure things properly and even offer the right coverage in many cases.One thing everyone needs to understand is that anything having to do with rental or any other form of passive/residual income, is considered a business exposure and absolutely needs to be separated from any of your "personal" activities.I've been in the insurance business for 11 years and as an independent agent prior to becoming a real estate investor, I made this mistake all the time because I simply did not know, and most don't. 

Consider becoming an investor as well so you can take advantage of the inventory at this time.It will be a residual income for you as a landlord.

I do agree and disagree with the comments above, taking into account all the market variables at any given time is certainly a tough game, where as, sticking to your game plan in earning Residual Income can certainly pay good dividends...All the best in your investing...

I had posted the following (shortened a bit) in another thread on this subject: I've been sitting on the fence (for the most part) for the last 3 years,, I've got a decent income from the mortgages I hold, a little bit of residual from a company I sold and my wife just started drawing SS a few months ago.

Drop on past...residual income is what I like to do...If you have any specific queries...drop me an email.

This should stop the crete from moving around because the adhesive under the luan will hold it.

But I also look to bigger things that will provide residual income!!!!