Yes, hurricanes can be worrisome, some much more than others, but with a reliable insurance policy, I have a hard time believing you will find a US beach market outside of the Gulf Coast that provides a more reliable income stream for at least 6, usually 8, months out of the year.

Additionally, the potential for value-add opportunities such as adding a ministorage or other high cap rate investments in the future could further increase the overall return on investment.Considering the potential for appreciation, the current NOI, and the future potential for additional income streams, this property could be worth considering as a long-term investment, despite the initial lower cash on cash return.

@Tacuma Bradley - Well, in general it's more difficult to rent out older places here, so there is such a constant flow of new property on the market. 

I'd recommend going on Facebook and finding off market property pages in Philly, people are constantly posting deals on there.

However, turning tax lien investments into a steady income stream is less direct than other strategies and might not quickly replace a $7,000 monthly income.Mortgage Notes: Investing in mortgage notes can provide a steady income stream if you acquire notes at a discount.

They aren't going to let a perfectly good vrbo income stream sit idle for long.Alternatively, you could try to find the house on various websites such as AirDNA, which should give you a rough approximation of what the property has historically earned. 

From flipping houses to building passive income streams through rental properties, the possibilities are endless when we combine our expertise, experiences, and, most importantly, our passion for real estate.So here's to new beginnings, exciting ventures, and the boundless potential that lies ahead.

Numerous costs are associated with real estate transactions, so it's critical to have a clear picture of your financial status.Due to the constant nature of the real estate sector, it is imperative to remain up to date on new tactics, market trends, and industry developments.

Adding that extra unit will reduce your risk since you are adding another income stream to a property you already own.

Guests will constantly be complaining about the water temp with a 110.