Alternatively, franchising could be a solid route—it offers scalability with a proven framework.

Were you able to find a way to make that income count, or did you pursue alternative strategies to qualify for financing?

Alternatively, using part of those funds to pay your current mortgage might help create additional borrowing room.

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Consult a real estate CPA or tax attorney to assess if the benefits outweigh the fees and risks for your situation, and consider alternatives like 1031 exchanges or installment sales for simpler strategies.This post does not create a CPA-Client relationship.

I think bitcoin may be a good store of value for people who live in countries where there are few alternatives.

If your primary has a net $1M appreciation you’ll only pay $100k cap gains tax - that’s a lower alternative than what you propose.

What alternative method(s) would you recommend for beginners? 

@Mic Salvador,Doing BRRRR out of state is going to be pretty tough, unless you’re willing to move there and live on-site for the duration of the rehab and leasing process.I run a turnkey operation out in Alabama and I saw that @Min Zhang already recommended turnkey as a possible alternative—have you given that any thought?

Alternatively, you can use your home's wealth to pay down other expenses, thus improving your cash flow to handle your mortgage payments.