I'm in several co-living groups, and the rent by the room model is getting more popular.

For higher yields, buying into short-term rentals in popular areas could be lucrative.

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

@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?

For you seasoned investors, does it make more sense to go to Home Depot and take advantage of their deals for appliances and such, or are there better alternatives for flooring, tiling, and appliances?

Alternative strategies: Are there techniques or approaches better suited to markets like this where rents are so low relative to property prices?

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.

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

Hunting leases are a popular way to generate steady income, especially in rural areas.Solar or Wind Leasing: If your land is in an area with good sunlight or wind, companies might be interested in leasing it to install solar panels or wind turbines.

https://www.biggerpockets.com/blog/short-term-rental-loans-a...DSCR Loans: Terms to Know When Working With These Popular Rental Loanhttps://www.biggerpockets.com/blog/dscr-loans-terms-to-knowWhat’s Next For DSCR Loans?