You're fighting an uphill stream there.

Uncle Bob drinks to much and throws up in hot tub, cousin Sara spills the red wine on the carpet, nephew Jimmy breaks the lamp playing ball in the house, no thank you.

I do want to add here, that I am a newbie investor and would want to prioritize a passive income stream.

I think you are wise to not account for any debt service or appreciation...that would throw off the income stream.

Networking is key when it comes to finding syndicated opportunities and maintaining cash flow streams so I look forward to connecting with other investors.Syndicators: I'm searching for opportunities that are being managed by experienced Operators who have syndicated opportunities in the past.

Lets get all the bad tenants together, pool their higher rental payments  into one big payout with a over market return, add a sprinkling of 800 credit scores in there to add legitimacy, then sell the income stream for a quick payout right away......what...sounds like what?

You can build a nice steady stream of income from REIT dividends.

I don't have much familiarity with Self-Storage but commercial real estate investment is best underpinned by rigorous data analysis regardless of the property type; you are buying a cash flow stream.

Thanks for the imput, would love to draw from a 401k or IRA, I don't have one, I'm self employed, have been for about 30 years, The thought here is to develop a income stream, that would pay for itself, and put some cash in the pocket.

I understand Condo Hotels in most cases are not looked at as an investment, but rather an income stream to offset your vacation pad expenses.