34-year-old Ivan Ellis Nanney bought a parcel of land just outside of Boise, Idaho, for $17,000, and spent another $17,000 building a tiny home on it. The property now generates close to $50,000 in revenue a year. He originally listed it on Airbnb in 2019 with intentions to live in it for half of the year, but the overwhelming demand led him to move out for good and start listing the miniature home year-round. “It became very popular. It just didn’t make sense for me to stay there at all. [The income] has become almost completely passive,” Nanney said. The tiny home has been such a success for the Idaho native that he is working on two more rental homes. Here’s how he managed to build the first. The lot, which he purchased back in 2015, came with an abandoned house. He spent close to three and a half years tearing down the old structure and then building the new one using secondhand building materials. Now he generates a majority of his income from the home and only works about two hou...