Have a seen many instances where it sounds exactly like a drip but no water residue is seen.  

I just want residual income by the time I hit 65 which is in 10 years.

I have thought about property management for the residual income however research has said brokers lose their licenses quicker doing property management than anything else.

I'd you, your husband and mother in law have to decide whats more important: 1) residual cash flow or 2) quick (relatively quick) cash right now. 

The residual land has a "conservation easement" placed on its title and it is forever restricted from building houses.

G'Day everyone,I never in a million years did I think I'd be writing this but life and business can be funny sometimes.So we hated property management for so long because it's a very "thankless" gig.Tenants complain things aren't getting fixed quickly enough and landlords complain that things cost too much to fix lolAnd the property manager is stuck in the middle.Long story short, we had to set up in-house property management because that was the only way in our opinion to have a successful turnkey operation.Fast forward 10+ years and "what do ya know"We love PM....The residual and predictable income.The recession "proofness" of the business model.The value it offers to both tenants and landlords.And off course the profit margins once you hit an economies of scale standpoint.We have also fine tuned our operation over the years to almost perfection and established ourselves as the #1 rated property manager in Toledo.Systemize, optimize and monetize is what we did.We are now at a point where we could like to focus on mergers and acquisitions.Yep, I kid you not lolI'd like to buy other property management companies that don't know what they are doing just like we didn't I guess for the first 3-4 years.Looking to stay close to home in Toledo to start.I spent some time cold pitching local companies but they are all too proud to reply in their incompetent management style and prefer to continue running a scam.Any advice from other PM owner folks that are more experienced/advanced than we are would be much appreciated.Specifically on how to find an owner interested in selling.Grazie mille for reading and I'm looking forward to your reply 🙏

I can utilize dependent care savings account under my employer, and also contribute the residual PM earnings to a SEP IRA or solo 401K for my spouse.

In other words, don't worry about if it's too late to acquire 1000 units and go buy a yacht with the residual income.

If you are not able to find market data then you could value as indicated above which is known as the residual method. 

So like I said I will continue doing what works for us And building my portfolio. (19 properties as of to date with residual income in 3 years).