I’m currently in a transition period in my career where I am looking for a new opportunity that will generate higher income.

Raymond,I personally allow pets in all of my properties and the ones I manage for others.I prefer to charge a $25/month pet fee to generate additional income, however, in some cases we instead just charge an additional refundable pet deposit.

We generated extra income by renting out garages.

These are not “nice to have” features for the younger generation.

Which explains why commercial businesses trade on the basis of their NOI and little else, NOI and a market based cap rate.The homes are bought at the same time as the park, personal property of lawn mowers, sheds, tools, office equipment etc, the whole works.  

We generated extra income by renting out garages.

Challenges, not having access to better equipment.

You would most likely be better off selling this property and using those funds as a down payment on 2 new properties that will hopefully generate more cashflow than this one and you will be benefiting from the appreciation of 2 assets now instead of one.

Meaning that it is much much more likely that any changes in SS will affect the younger generation first, and the older generation second (if at all).  

When formulating an investment plan, investors must consider rate of return and risk factors.Portfolio management involves diversifying assets to protect against market risk and generate returns.