You Collect Rent, Someone Else Cleans Toilets

Here's a no-brainer: If your ideal getaway home includes maid service, a spa and beach club, and you want it to generate rental income without dealing personally with checking in guests and fixing overflowing toilets, consider buying a room or suite in a luxury hotel. Condo hotels make up 3 % of U.S. hotel room inventory, yet account for nearly 13 % of the 100,452 hotel rooms under construction nationwide in December 2005, according to Smith Travel Research.

For more infor, read ThirdAge's Buy a Dream, Then Rent It Out