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

Don't have experience with it, but I'm worried if the TX sun beats down on it daily through a window that the adhesive might eventually give and the tile planks might pop over time...any thoughts?  

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.

Many different looks but it is backed with a 15 year warranty and it is a vinyl plank with 2 sides of adhesive almost like a snap and lock.

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.

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!!