INVESTOR (passive) - invest in REITS, limited partner or non managing member in syndications, private equity real estate funds investor, investor in real estate directly where financial advisor handles ALL aspects of asset and property management INVESTOR (active) - direct real estate ownership, syndicator, direct private lender, fix n flip, etc.So, I operate MOSTLY in the INVESTOR (active) category, but I have constant involvement in both the BUSINESS aspect as well as the INVESTOR (passive) category.  

Beside the two other rentals i have providing about $900 in net passive income, as a wholesaler and realtor here in Florida, those are my main income streams.

Quote from @Melissa Bodenstab: Hello,I love the idea of STR as an active income stream.  

I'm saying this from experience and the nightmares people deal with because they bought (or inherited) a house near a river or stream. 

Should we liquidate and lose a decent income stream (~35k per year) to buy there or no?

If your goal is to add a documented revenue stream that institutional buyers will capitalize separately, infrastructure is the play.On Cash Flow / Financing (The Real Question):This is where most operators get stuck.

You need to either build relationships with the attorneys, or pull lists from prop stream etc. on probate and more. 

Proximity to a nearby course alone does not qualify.Investor considerations:• Attracts a loyal, higher-income demographic• Strong potential for destination travel, group outings, and repeat visitation• Revenue streams extend beyond rooms (green fees, memberships, food & beverage, events)Key risks:• High ongoing maintenance costs for course operations• Seasonality driven by climate and regional demand• Requires professional turf, water management, and course operationsInvestor takeaway:Golf resorts operate as lifestyle assets, not just lodging.

The low-down lender works, but the constant DTI pressure and slow pace can limit scaling.

In the early stages try to get a few different revenue streams so the eventual sale doesn't end up stalling you.