That being said, we have mostly put aside the thought of using traditional mortgages because they all report under us personally, and we're limited on how many mortgages we can have...plus the debt to income ratio will look skewed for us personally with all the mortgages. 

That is when you will either embrace non-traditional lenders, hard money or private money; or you will need to learn creative finance. 

This is my “get rich quick scheme” if you will to break into real estate, since my available capital is very limited.

I am cash flowing $650/month after all expenses and reserves.I'm also rehabbing another nearby property that I will either rent traditionally, or to students.

@Brianne H.When you’re doing a BRRRR most of the time your eventual ARV cash out number is not going to be 1% of rents like a traditional 1% rule cash flow buy.

Hi- can someone speak to requirements by city to do either short term or traditional rentals? 

Some books I'd recommend you start with:- Set for Life by Scott Trench- House Hacking Strategy by Craig Curelop- Rich Dad, Poor Dad by Robert Kiyosaki- Start with Why by Simon SinekHope this helps!

I just thought 10 was the cap where traditional lending because more difficult.

10% down is for non owner occupied, but specifically it's for "Second Homes," not full-time traditional rental properties. 

Traditional banks are garbage right now with rates and points for non-owners occupied properties.