In any case is always a good idea to have landlords insurance or an umbrella insurance on top of that.

I recently graduated From the university of southern Maine with a business degree in Small Business and entrepreneurship.

Their expense is simply another business expense like the utilities, taxes, insurance, supplies, HOA, etc.

I'm wondering if anyone has any ideas for passive income or other income-generating opportunities that could work in my situation.

Nice one mate,After man years in the business, I can comfortably say that no matter how good a deal or area is.Property management will make or break an investment.Even crap properties in crap areas, if PM is top notch.They can make the numbers work

I had to pivot to a more creative, non-traditional way to structure deals to keep my business going. 

Despite challenges, we persevered, knowing that in this business, you win some and lose some.

What I did have was some knowledge, a little bit of experience, a business education, and what used to be called “common sense”.  

For the Marriot hotel it’s more of a business, so the dividends are large (up to 16%) but the refi and/or sale only planned to return capital, so most of the profits come to you via monthly dividends.

Have an idea of what you are looking for when you are working with your real estate agent.Best of luck!