Home Equity- best option

[Modesta Lopez]

hello everyone, 

My mother paid off her mortgage this year and we are looking for ways to increase her monthly income. Someone brought up the idea of taking out a home equity loan. My question is, what is the best option: buying a cheap home and flipping it or purchasing a multi unit and collecting the rent. I am aware that she will have to pay a monthly fee on the loan and keep up with the upkeepings of the multi unit. I'm just trying to find better options for her