My goal is to have residual income and my third house was a small stepping stone in that direction.

My goals as a real estate investor are as follows, start out wholesaling single and multi family homes, as i gain knowledge and skill along the way I will move forward to fix-n-flip, and then on to buy and hold for residual income.

I have been involve in a few whole sale deal, but was not satisfactory. i am interested in acquiring, flipping, new development and most importantly residual income possibilities.

The main reason for wanting to invest in real estate is because I would like to build residual income and be in charge of my own future. 

You may have a hard time getting a guarantee, there are issues with security laws.10% is a realistic expectation on a partial note-  since you are a 1st lien holder you are secured by the property and the seller holds a residual interest.  

Although long term residual income is my biggest interest, the thought of making a few flips in the beginning really gets me going!

If there is no resolution with the borrower a week or two before the auction we will set the opening bid and any minimum price.If you want to be even simpler then that buy a well secured partial where the seller has a large residual interest and a strong incentive to buy your out if things go sideways.  

The bathroom looked like it hasnt been scrubbed in years, the residue on the walls was thick.

@Henry Montgomery III for me, im a few weeks away from closing on my first place. its a mulit family i plan to buy and hold and use for equity and a bit of passive income. id really like to get into fix and hold....as opposed to fix and flip, i like the idea of residual income that it semi passive. and if u can own out right and not have to deal with the BS the banks put your through than all the better

I want to obtain financial freedom and cash flow, but long term residual income as well.