Apartment

Apartments vary in definition depending on the different governing bodies, but most essentially are anything with 5 units or more. This is also known as commercial multifamily. Apartments are great because unlike single family rental properties you can put 16 tenants in the same property rather than 16 different properties spread out over area. This reduces overall maintenance costs and simplifies all the moving parts that go into rental property investing. This concept increases passivity. Your returns on commercial multifamily investing are now heavily dependent on property management systems rather than unit itself. Apartment buildings, because of their size allow for larger tax benefits for high income earners. The combination of general simplicity, passivity, and tax benefits make apartment buildings great assets for creating generational wealth and increasing income.