investment strategy, suggestions on next step ?

[Ron Singh]

Witth the long term goal to have multiple doors, for passive income with less involvement what would you do or suggest as a next step ?

have primary and rental home in bay area,  looking for next step.

few options in my mind :

1.  Buy next sfr nearby, move in,  rent current home.

[Don't really want to move at this point as its pain, and expensive homes.]

2. Buy next sfr nearby as an investment property

[ higher interest rate on investment property,  most probably negative cash flow for initial few years]

3. Buy two sfr on same lot in Hawaii, keep one for own use (vacation home) , ltr other one. 

[ Rental rules/laws sucks, and getting tightened up, negative cash flow due to expensive market, eviction process is long ]

4. Buy in AZ / TX / FL or other growing cities

[will need property management,  cut in profit, less income,  also less appricition in property value Vs bay area ]

5. Look for commercial real estate and rent those?

[takes time to rent initially,  low occupancy =loss , higher rates ]

6. Mobile parks ?

[need to hire someone for regular maintenance, unknown expenses?]

7. Apartment complex in mid west / low cost area.

[management cost, maintenance cost , any profit left ? unless self manage

8. any other suggestions?

please comment