rental property also. if you buy well, you can sit back and enjoy the profit each month. i have a cabin that nets in one weekend enough to pay all costs on itself. i use it for ski weekends all winter.
for anyone out there who is doing some real estate, if you use an inexpensive property to build to a more expensive one, there is a tool called a 1031 tax free exchange. this can save you thousands in taxes depending on your situation. my latest saved me just under 23 g's, of course i did have to buy another property. if you need info, google 1031 exchange
We have several real estate investments as well. Unless you can run it full time I would suggest not getting into renting residentual. One of the worst things I ever did. Really is a PIA. There is far less were and tear on yourself and your property if you go commercial.
When I retire I will probably do some flip houses.
Back when the kids where little we had an ice business. That was a fun thing. The kids would help me deliver ice on the weekend. They helped my wife bag up the ice during the week. We made enough money one year to fly us all down to DisneyWorld. So they were happy.
Alot of Companys I've worked for over the years ( not all Hvac) have had rental propeties. Its great to keep a constant income it helps during the slow times and during big jobs ya don't get paid till the end.
Someday I hope to start getting rental properties, to gain money cause it takes money to make money.