In a similar vein, whether it’s for family, business or personal reasons, we’ll all need to travel abroad and find accommodations again.Vacation rentals are another great way to gain more income from the same square footage you would receive after purchasing a single-family property.While managing our firm’s portfolio of vacation rentals, I’ve seen how easily hosts can make three times more on short-term rentals compared to what they would make with long-term rentals in the same space.

Purchase price: $1 Cash invested: $20,000 The trailer was a 4/2 but it had to dinning rooms and a third small room so I turned it into a 6/2 working to finish the rehab work.

In our case, I work shift work and can not have a phone for 12.5 hrs while at work, my wife runs our 2 small businesses, and we have 4 kids, 3 which play travel baseball.

@Rory GalvinI don't have any experience banking or investing in Canada, so take what follows with a grain of snow.Gross income is your rents collected.Expenses include: Advertising, travel, cleaning and maintenance, commissions, insurance, legal fees, management fees, mortgage, repairs, supplies, taxes, utilities, depreciation, vacancy, capital expenditures.Gross income less expenses equals your cash flowCash flow divided by cash invested equals your cash on cash return which is the "yield" you should be comparing with other investment opportunities.If the max yield you can see yourself getting in real estate is 5%, then you aren't ready for a deal yet.

Vacation homes can make money during a pandemic (Or similar) if the travel costs to the destination are minimal.

Jaimie Smith has a book called Trailer Cash.

My wife and I just placed an offer for a duplex in an area across the street from a small trailer park in Alabama, but around the block there are houses for 150k and above.

I'm a consultant and work from the road- traveling around the country in my RV.

And travel of course.

@Bonnie Rhodes The downtown is starting to get quite cleaned up & the downtown airport is now the main commercial airport for commercial travel which should help the main part of town.