The type of property that I have selected is non-residual. Non-residual property includes personal property, such as cars, boats, furniture, jewelry, and other items that can be moved from one place to another. It also includes intangible assets like copyrights and patents.

A residual asset is a piece of real estate or any fixed asset which remains in place over a long period of time and generates income through the rental or sale of it services or products produced on it. Examples include land, buildings, infrastructure (roads/bridges), equipment and machinery used in production processes. It typically appreciates with inflation and its value increases significantly over time without the need for additional investment by the owner or operator.