Problem is, when we removed the old wood flooring (square blocks), there is leftover adhesive (cement?)

If there's adhesive from the carpet, sand it off and the power wash the concrete clean.2.

The residual amount after mortgage, water, taxes, electric and etc would be left over as $1500 a month.

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.

So I am stripping linoleum tile adhesive off of beautiful wood floors (yeah people are stupid) getting my rental property ready to rent and listening to the latest BP podcast on creative financing and got an idea and would like some ideas on structuring this deal.So awhile ago I was looking at a beautiful old house right on a main street across from a park, 3/1 with a 2 car detached originally listed at 109 k.

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 🙏