Investment property is property that is bought with the purpose of producing a return. Property sales and rent are the common forms of return with investment properties. Generally, these types of properties are not occupied by the owner but some situations do allow the owner to reside in part of the property. Different types of investment property can range from a residence, such as a duplex or apartment complex, and also include commercial property or vacant land. Renovating to sell, also known as flipping is another means of investment property. Bed-and-breakfast (B&Bs) properties have begun to increase in popularity as timeshares once did.