The land owner paid about $9 million for the underutilized and nearly vacant property and received minor residual income for lower intensity uses that were currently operating on the site.

So to the extent that your renovations are replacing personal assets that still have residual value and therefore may not be increasing the market value of the property by the entire cost of the renovation, your basis increase may be limited.

You can always work on building outside or residual income through RE and continue work.

I am leaning towards a flip or two to build my cash reserve than ultimately invest in rental properties to receive 'residual' income.

Really you're letting the roller sit too deep in the paint for too long so it's loosening up the cardboard and the adhesive on the cardboard.

Or residual poison they take back to there nest and kills the queen and whole colony

(Still have to turn deals to make money)Long term - Buy rental properties and Mobile Home Parks and have a management company manage them leaving me with passive/residual income while I'm at the beach, on a boat, or on vacation!

This is similar to the HELOC by taking large chunks out at a time, but not putting all your residual income after expenses into early payments.  

There is no residual income from it and you only make money when you turn a deal.

There is no residual piece.