I'm starting to look a business like vending machines and laundromats as a way to generate cash flow but I've heard it takes a lot of work.

Based on your information, it may appear no2) The second question is whether the property will generate positive rental income over a 3-5 year period, after normal depreciation.If it is, and it is significant, it may be worthwhile to get a cost segregation.

Nothing better than having your own equipment . 

I would consider buying a duplex, tri or quad as a primary residence and move into one of the units and rent out the others.You could sell your primary and use the capital, or pull the HELOC and use to buy a small multifamily.You can also learn how to flip properties to generate additional income to use to buy properties to hold longer term.You can also consider looking into a job in the real estate industry, such as an analyst, broker, lender ,etc that can get you in the gameAll the bestGino

However, there can be various reasons why a rental home fails to generate profits.

It’s usually the C/D property investors who are sensitive to late fees because they are often times running  business rather than investing in real estate where they have to nickel and dime the tenants to generate revenues.

If you're new to a city, that might be a way to generate some good income year 1 and 2, while you build your network. 

I also have several generators on standby just in case—being prepared always helps ease their minds.Let’s hope for the best and stay safe!

As such I am able, over time, to generate a higher ROI, but with some absorption of losses along the way.  

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