You need to clearly analyze having a longterm tenant VS. a stream of short termers.

It doesn't really cost me anything to have it and I may sell it one day but it's nice to go down there once in while and walk the land and drink from my stream and think about putting a cabin up there one day. 

My friend is always late - and she is tolerated because she pays. takionI have some very nice neighbors that are interested, I will want them to qualify for a loan, but I have thought about taking a second back so I get a stream of income as well as the payment.   

Lots of them (like hundreds) exist under the radar, but all it takes is an annoyed neighbor calling Code Services and your income stream is gone.

If you listened to the most recent podcast about GoBundance, all of the members are creating multiple streams of horizontal income (passive income).

This is what I had in my notes: Plan A - buy STR more or less market ready via 1031 QI Plan B - buy and convert to STR - what I did 25+ times and called (in 2002-03) BFLR (Buy, Fix, Lease, Refi) and what people on BP now call BRRRSTRPlan C - revert to Mid-term rental (monthly or longer) if STR doesn't get tractionPlan D - Land Hacking - alternate income streams and value creation: RV pads; hunting/fishing rights; timber production, options, or sales; alternate marketsPlan F - Modified Homestead; value add from "local use dimensional lumber" in building, follow the Section 121 exclusion rules and reside in property 2 out of 5 yearsPlan D and F means this property failed as an investment.

Multifamily properties, which are buildings that house multiple rental units, are seen as an attractive investment opportunity because they can provide a steady stream of income from multiple tenants.

@Eric Croteau I use prop stream as well.

Just yesterday I watched a live stream on BP discussing tax strategies for Real estate investors, and I am not sure if someone has mentioned this already in this thread but there is a new tax break called Bonus depreciation which allows you to claim the full amount of the roof being replaced in one go , not having to depreciate it as we normally would over 27 years.

If a real estate investor has most their wealth in real estate, there is not much revenue stream for a financial advisor.