Investing in multi-family properties can be a great way to diversify your portfolio and generate passive income. These types of properties, which include duplexes, triplexes, and larger apartment buildings, allow you to rent out multiple units to different tenants, providing a consistent stream of income. One of the main benefits of investing in multi-family properties is the potential for higher returns on your investment compared to single-family homes. These properties also offer the opportunity for economies of scale, as you can often negotiate bulk discounts on things like insurance and maintenance. Additionally, multi-family properties may be less affected by market fluctuations, as you have multiple sources of income rather than relying on just one tenant.

Investing in short term rental properties, such as vacation homes or apartments, can be a lucrative way to generate income and potentially earn a higher return on your investment compared to traditional long-term rentals. With the rise of home sharing platforms like Airbnb, it's easier than ever to find and book short term rentals, making it an attractive option for both investors and travelers.