@Tanner MarseyI just want to create a portfolio full of rental properties and create residual monthly income.

I will be PCSing to NYC for 24 months(2 yrs) and intend to buy a house during this period and rent it out after my mission there for residual income.

@John Matthew Johnston if you do not need the cash from a flip, and you want some residual income, rent it out.

Just show the bank that it is cash flowing and that the mobile unit is a great residual Income.

The other units are above the rest of the house and the bills aren't as bad since they benefit from residual heat.

The smoked residue of cloth wire wrap was also evident in the majority.My son had college friends renting a 3 unit (12 occupants) on a single 60amp screw in fuse panel.

(I can't really spend a lot of time/energy fixing up a place, and can't afford to buy locally - but I need to start generating some residual income and soon.

With a "small apartment" purchase between 60-100 units, you can afford a property management company to manage it full time, make a $60k-$120k fee up front for purchasing the property, have residual monthly income, and bank on a larger windfall in 3-6 years when you sell the property.

By no means am I trying to be naive in this market and am asking where can I gobble up $500+ cash flowing properties, and I have read tons about other avenues like partnering with a wholesaler or trying a rehab but I guess I am just looking for ideas on where to dip our feet into to take a bit more risk that will lead to more work but better return at then end (the goal at the moment is to increase our residual cash flow as much as possible with each transaction not flip for cash profit)As I read this, sometimes I even struggle with completely understanding what I am asking or supposed to ask.  

Or use the residual cash flow to pay down your loans.