nwa757 said:
Getting into the airline business I am looking to bring in another source of income as many of the pilots that i know at the majors do.
Ask yourself what sort of special skills do you posess? What are your interests? I looked at doing menial part time jobs (ie working at office max, etc.) but thought that my time was personally worth more than that and that I wouldn't be learning anything by doing those jobs. Beleive it or not, I thought my time OFF was worth more than working on it for $7-10/hr!
I do web design on a part time basis (when I am at hotels on layovers), and have a business license here in VA. I know that there are countless others who know much more and produce much better quality sites than I do, but I fit a niche with my customers (ie cheap services and personal interaction). It's not a lot of money, but I put the $$ aside in a business account and it pays for rent and other incidentals like moving expenses. I won't be doing it anymore very soon, as I would like to pursue other, more lucrative opportunities. I am someone who isn't "happy with making $65,000/yr" as a pilot. I want much more. I am greedy

. Even $250k/yr which is dependent on someone else's decisions (ie management) isn't that great, IMO.
I was talking to a property manager on an America West flight who said that their company needed/wanted a "do it all" apartment refurbish company and that there is a lack of companies that do that - ie a company that washed carpets, painted, light mx, etc. so that they wouldn't have to call 3 or 4 companies to setup the appointments. The only problem is, I have limited building experience. So what do I do? Volunteer at habitat for humanity to learn how to do those things

. Who knows if I will ever get the business started, but t o me it's fun and challenging to think of things like this. I have also looked into flipping homes but everyone is doing it these days.
Real estate will, in my opinion, be a hard place to make it. During the past couple years people have tried to make it as a realtor/flipper/etc. and the market is flooded with people doing what a newcomer wants to do. Once something is the 'hot' thing to do, it is already too late IMO.
One other thing. After dealing with customers and their own businesses, it's fun to talk with them and learn how they got started, and to watch their company grow. It's amazing how many people out there fill some sort of niche you never thought existed. I like to fly, and as of right now work about 1/4 of the month on reserve. If the trend comtinues, I will have plenty of time (I live in base with a two hour call out) to play around with ideas while still keeping a (small) monthly salary to cover expesnes. IMO that's the way to do it until you get something that can sustain you.
Good luck!
~wheelsup