@Harith Hadi Knock on their door in your birthday suit at 2 am with a plate of cheese Danishes to welcome them as your tenant.

I'd do cottages and RVs. 

After looking under the carpets and paneling, we found pristine shiplap on the walls, ceiling and original hardwood floors... we immediately choose a cottage modern style for our design. 

One must ask themselves if they are in need of two bathrooms 4 bedrooms or a small cottage just for two.

There's a huge cottage industry trying to stoke fear in landlords and selling all kinds of expensive ********.

One good way to do this would be a backyard cottage at your current home (provided your lot is >4000sqft.

I personally live in Cottage Grove but mostly invest in southern WI.

A vacation cottage is fine.Goals:- Have somewhere warm to escape the MN winters more often- Return more than I would in cash- Build equity / buy @ a discount even if it means some remodeling- Spend more time in the sun and less in the officeI'm in the research phase right now and would really appreciate any resources you could point me to or any words of warning.  

You aren't buying a private jet but you aren't waiting Mac&Cheese to go on sale to buy 100 boxes to make sure you can eat either.

some smaller cottages for elderly, a small community center for party rentals, an exterior pavillion for summer picnics, RV parking?