Essentially you are buying the income stream from the property without the need to take care of it.

My wife and I have been investing here for years and have seen numerous streams of income coming from STR's, long term rental, and BRRRR's.

@Jay Hinrichs my primary business as I establish more income streams in the real estate world, is pressure washing.

I have been wanting to create an additional revenue stream for my wife and I. 

It's taken a few years but I've now got a decent additional income stream going through that, and I'm looking to add a few more income streams.

@James Bell The property is in the Minors field neighborhood, which is currently in a flood plain spilling over from the East side of hwy 42.

If you are looking create another revenue stream you may have to raise the price a little more but you may need to invest in at least level 2.

What intrigues me most about Cleveland is the relative rental stability and the lower buy-in up front to get a portfolio of modest, passive income streams set up.

Hello @Nikos Nicolaou,I would recommend looking at Suffolk County homes in this price range because you will have more options compared to Nassau County.Nassau properties in this price range may be too small or have too much deferred maintenance for a deal to work.Neighborhoods to target based on multifamily volume:- Elmont- Valley Stream- East Rockaway- Floral Park- Franklin Sq.- Glen Cove- Hempstead- Long Beach- Lindenhurst- Port Washington- Patchogue- WestburyLastly, I'd highly recommend speaking with a contractor or local municipality official to gauge the feasibility and expense associated with 1 - 2 family conversions.

I think mid-term rentals are often overlooked as an additional revenue stream where STRs are getting banned left and rightI know there are companies that offer AirBNB property management, and will even do all of the setup and furniture finding and such.