Not entirely sure this fits the bill, but I've leased out one of my former lead developer to a client, when our consulting business got rammed. He's is offshore, and the client is in Europe. Right now I do individual consultancy, and then get a form of passive income from leasing the developer out. I make around 700 USD a month, with effort limited to sending out the invoice.
Former lead developer? Do you bill on his behalf (similar to an agent) and the $700 is the markup? I'm curious as to how you're able to keep billing for a former developer.