@Kyle Cross you claim to know a lot about the industry, but your questions are vague and so is the info you've provided.Not sure how managing 8 units doesn't, "require much management"?

There are tons of professionals in all industries of real estate here.Hey Ben!

Is anyone familiar with the rule listed in the title and is anyone that has a full-time job in another industry using this rule?

Additionally, I would like to attempt to do the process Owner/Builder with subcontracting work out as well as doing some of the work I'm comfortable with (I have some experience with bathroom & kitchen remodeling an am not new to the construction industry).

I am also really interested in the stock market and the real estate industry! 

Quote from @Joy Daniels: As a short-term property manager I've seen how this industry changes so often—new guest trends, tech tools, and regulations seem to pop up all the time.

Thanks in advance.This is standard practice in the industry.

Beside the government regulation and insurance shutting down certain markets, STR industry will continuously grow.

Visit the property and learn about various renovation stages, gain insights from our experienced investors / speaker, and learn strategies for evaluating deals, managing budgets, and maximizing ROI.What to expect:Property walkthroughsReview before photos and discuss transformation plansDive into real deal numbers—costs, profits, and challengesNetworking with industry prosOpen Q&A session to ask anything about the process

Investing in Peoria sounds intriguing, especially since you’re drawn to the area and its industrial charm.