Equipment rental business ideas?

I've been thinking about purchasing a piece of specialized equipment and just renting it out from my driveway. I would offer it at a slightly cheaper rate than the commercial rental outfits and perhaps offer delivery and pickup service. I haven't a crunched the numbers as far as insurance/licensing costs would go but imo this kind of business really appeals to me because you essentially make money without having to spend too much of your own time. I'm thinking some sort of equipment that not many people own but many people could find a use for, for example a boom lift, commercial pressure washer, dump trailer, etc. Has anybody got any experience with this type of business? Any ideas as to what the most lucrative rental equipment might be under $20k?

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