If your goal is passive income, it's not going to be in New Jersey when you factor in cost to purchase, management costs, and rent to price ratio, but what you can get is steady appreciation.

Secondly, tiny homes promote a minimalist lifestyle, encouraging reduced consumption and a greater appreciation for experiences over material possessions.

But they still suffer from interest rates and market sentiment factors.

Keep in mind, while the projected performance is very important it should not be the single driving factor in your decision.

Of course there are other factors such as fees, but so far I have found those to be relatively minimal.

Then compare that to what you’d net by listing it as-is—factoring in the time you save and the carrying costs you avoid by not renovating.It might seem straightforward, but once you dive into the numbers, the difference between renovating versus selling as-is can be surprising.

This adds to our existing Teak plantations and retired lifestyle.  

@John BerjIf cash flow is a top priority, factor in HOA fees (common with new builds) and confirm rent comps to ensure the numbers work.

Financial freedom goes beyond simply replacing your current income—it's about sustaining your lifestyle for life.

Although the percentage of the increase is large, the determinative factors are whether the resulting rent is so great as to shock the conscience of a reasonable person and was effected for the purpose of compelling the tenant to vacate."