My definition of a dependable passive income is as follows:Reliable - You continuously receive the income with minimal interruptions, in good and bad economic times.Inflation Adapting - Your rental income increases faster than inflation, so you have the additional dollars you need to maintain the same lifestyle.Persistent – The income continues for a long time; you and your spouse will not outlive the income.Below is an illustration of the process I recommend following:Goals - Start with your goals.

I commissioned a website to be made which I am really proud of (Check out the website here: https://biggerpictureholdings.com/) Shout out to Derek Peterson and Adapt Media Agency (adaptmediaagency.com) for making that happen.

We just have to adapt 

That means a change of use and, for us, meant sprinklers and making one unit ADA adaptable.

However, city by city and county by county adoption and adaptation takes some time.

However, if you can add enough of strategies to your tool belt and adapt to various markets, you will be able to adjust accordingly.

A wise investor will be conservative during the peak of the market cycle when prices are high and margins are thin (now), and become very aggressive during deflationary periods when prices are low and margins are high.Be adaptable, don't box yourself in, the game is long and ever-changing. 

I am well aware that I have no experience in this industry, and owner-operating a midsize franchise hotel seems a bit insane, but I am totally confident in my ability to adapt and learn.

Provide her your checklist on your investments and adapt. 

I'm new to the process and wasn't confident that month-to-month leases were legal in MA, but it looks like they are (I've already adapted one from my landlord association).