I really like the idea of passive income streams.

He is a successful real estate investor and entrepreneur in south Florida, so there was some good stuff on real estate as a wonderful complement to other income streams.

Now at your 120K you're up at about a 13% return and that I think is in keeping with what you should be looking for in the given area you described.I didn't account for the garage because I wasn't as sure of it's viability as an income stream, in my area homes that have garages rent with the garage, and the base rental rate is usually fairly close with and without the garage.

Meaning there is a little appreciation play and a steady stream of cash flow every month.

Is a $5000 monthly income stream on $500K of leveraged property any better or worse than $1000 monthly income on free and clear?

Next year we'll be adding online courses and live streaming of events for those who can't make it to our conference center.

This creates a great passive stream of "mailbox money", and spreads out the capital gains tax over time.

I like the multiple income streams of a multifamily, to minimize the risk.

In the future I may expand this with a partner in order to stream line things.

I liked "Investing in Apartment Buildings: Create a Reliable Stream of Income and Build Long-Term Wealth" by Matthew MartinezThere was another but I cant remember what it was, if I remember to look for it I'll pass it along.I know there are other posts that ask the same question you may want to do a search for them...And welcome to BP