I like to get a lump sum of money plus a stream of money when selling.  

I come from the paper side of the business and if you are trying to turn $50K in to some decent cash flow streams, then I am confident I can offer you some alternate options that will net you the same results.

Addendums are great for mid-stream contract changes, but hey, to each their own.

Learn to get your leads for free and you lead stream will never bankrupt you. 

So you have homes getting demo'd  you have devils night fires.. something like 30 to 40 I think get burned every day there by who knows who... its just a natural winnowing of the over supply of homes... and as those nice little neighborhoods degenerated many families chose to leave and go out to areas they perceived as safer and better schools and chose to commute to were ever they worked.. happened in all cities in the US now its reversing course like Salmon swimming up stream after 5 years in the Ocean.  

Anything we have found that is not worn out is priced 80K - 100K/unit; producing a revenue stream of 7 - 9K/unit; with 4.5 - 6K/unit operating costs.  

If you ever need to fire him as a handyman they you will have a non-paying tenant shortly as you just ended his income stream.

I would like to eventually have a passive income stream and not have to rely on having a w-2 job for expenses.

But you also get income stream for your entire life, and the asset remains yours so it can then pass to your heirs tax free with some good estate planning.

If you have 80 to 100 units or more you might can scale some of it to be less hands on.If this is lower number of units you will be working for the NOI income stream if any is available after the problems.Low income tenants have constant life issues and their finances go up and down like a yo yo.