I always hear the “Cap ex of 10% rule” but have yet to hear any alternatives.

But I always like to point out what I think may be a good alternative for small investors owning less than 5 currently mortgage properties.

I'd like to start small with 1-2 STR tiny house(s) or other less expensive "alternate housing" options (yurt, airstream, etc).

Some of them will make it to a higher income bracket, probably most will not in any material manner. 15 cent an hour raises don't really make for much investment income.

It definitely depends on a lot of factors - where non-QM is generally going to be about 0.5%-1% higher in rate, but can be more than that or even lower than conventional with some more options - one in particular is if you did a longer prepayment penalty period (5 years - at a descending penalty structure or even 5% all five years), then that could drive the rate down even significantly lower than the conventional alternative.

You'll also want to make sure that your rental will be competitive for the area you're in regarding the rental price and quality of materials in the property.

However, since this would be an investment property (held for 1 year or less), ARS 32-1121(A)(6) requires all work be performed by licensed contractors if the cost of material and labor is $1,000 or more.

How do I make more money in Real Estate,  I believe AI would come up with STRs as an alternative.  

Although this isn't a material to study, another thing to think about before you become a GP is building a track record, if you haven't done so already.

The material participation column would be read-only and change depending on the dropdown.