First of all, there is no real "Passive income." The closest I have seen is NNN Commercial Real Estate.
If it were me, and I had the time, I would save up 3% for the downpayment, by a 4plex, live in one of the units and rent out the other three. During that first year, I would replace that 3%, and have my tenants pay the mortgage, insurance and taxes. After thee first year was up, I would take that 3% and go buy another one. Have to move into the new one, but I would either rent that one out (or buy a 4 plex in another area and visit from time to time). As long as you live there for a year, you can get the 3% mortgage.
And I would do that 5 times (so a 5 year plan) and then have 19-20 doors paying me rent every month. Then I would start talking to banks, because I have a solid foundation, income and experience. Then I would shoot for the stars...
@RealThomSieloff If you were to build passive income from as little as starting by building an ADU garage conversion, how would you proceed with the goal of running MDU's/ Apartment Complexes?
Weak father = Slutty daughter
Dominating mother = Mama's boy
Narcissistic mother = Insecure son
Absent father = Self-hating children
Poor marriages = Unhappy Homes
Unhappy home = Unhappy society
Broken homes breed broken men, and brokenmen burn the world.
Strong father = Confident daughter
Feminine mother = Masculine son
Loving parents = Secure children
Healthy marriage = peaceful home
Peaceful home = Strong society
my father always told me: “if you want to go for a run, go for a run, don’t look for company. sooner or later, on your fifth run or your twentieth, like-minded people will find you themselves.” and only recently have i realized that this principle works everywhere.